SBI Ripple Asia, a joint venture of the Japanese financial conglomerate SBI Holdings and the Californian startup Ripple, is forming an association whose participants intend to use blockchain technology to create a single transaction register made using bank cards. This is reported by the Nikkei.
The new association will begin operating activities in January next year. It is expected that by this time about 10 issuers of bank cards will enter it, including JCB, Sumitomo Mitsui Card and Credit Saison.
The project participants count on the fact that distributed ledger technology can help reduce costs and improve the efficiency of business processes in the banking card industry as a whole. In addition, the block will be used to identify customers, combat illegal transactions, issue their own virtual currencies, etc.
This news had great impact on the Ripple price. XRP gained almost 12% in last 24h.
XRP Price Chart
At the moment of press, these are the main Ripple market parameters:
- Average price $1,26
- Market Cap $48 802 799 895
- 24h Trading Volume $1 566 100 000
The most of the XRP is being traded at:
- Bithumb 32.43%
- Binance 8.69%
- Poloniex 7.82%
