Three Japanese banks have adopted the Ripple-based MoneyTap application, as Ripple seeks to expand the use of its innovative electronic payment technology in the Japanese market. The MoneyTap application utilizes Ripple’s blockchain technology to facilitate electronic payments in an easy and secure manner, allowing users to make direct money transfers through their mobile phones, which speeds up financial transactions.

The application is expected to become popular in Japan, where Japanese banks are among the most advanced in using modern technology. In addition, Japan is one of the most interested markets in digital currencies and blockchain technology.

By adopting this decision, Japanese banks confirm their increasing reliance on modern technologies to improve their banking services and provide a better customer experience. This move indicates that modern technology will continue to change the shape of traditional banking services in the future.