BITNEWS.PRESS Crypto News

Latest Crypto Currency World News

Search and discover the latest Crypto Coins updated Stories in Categories

Every day new articles about Blockchain, Technology from the Crypto Communities!

5th-Largest Japanese Bank Abruptly Ditches Ripple Trial

Ripple, the blockchain-based payment network, suffered a setback after Japan’s Resona Bank said it would no longer use MoneyTap, a consumer-centric retail payments app that uses Ripple’s enterprise blockchain technology. Resona – Japan’s fifth-largest financial institution – did not provide a reason for the abrupt cancellation, which makes it the first Japanese bank to quit the MoneyTap project. It’s unclear if others will follow. Withdrawal Comes 6 Months After Agreement The cancellation takes effect on May 13. Resona made the surprising announcement April 11 on its website, where it said: “Resona Bank will cancel the cooperation with the money transfer


The post 5th-Largest Japanese Bank Abruptly Ditches Ripple Trial appeared first on CCN