SBI Ripple-powered MoneyTap swells with 4 addition partners

MoneyTap now boasts of 29 banking institutions using the application.
Ripple price remains lethargic after refreshing lows towards $0.24.

John Isige FXStreet

One of the most significant Ripple partners SBI Holdings continues to push the limits for Ripple-powered MoneyTap app. The banking consortium based in Japan has announced four additional banks joining MoneyTap including Awa and Kita-Nippon. The new members bring the total number of institutions using the application to 29.

MoneyTap is an xCurrent powered platform that process transactions instantly among banking partners. The app was released in March 2018 to allow faster and cheaper fund transfers.

The platform does not use XRP to send money, however, SBI Group revealed last week that its shareholders will be sent dividends in Ripple’s token. SBI Group has been a strong supporter of Ripple and its blockchain solutions. It has predicted that XRP will be a digital asset to be reckoned with by the year 2025.

In spite of the support from the Asian banks, Ripple price remains lethargic after refreshing lows towards $0.24. The upside is limited at $0.28 with $0.255 functioning as the new pivotal level.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Hyperliquid price forecast: Bullish interest builds amid user recovery

Hyperliquid (HYPE) trades at $25 at press time on Monday, holding the 3% gains from the previous day. The perpetual exchange sees a recovery in active users, while weekly fees collected decline to the lowest level so far this month.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple eye breakout for fresh recovery

Bitcoin, Ethereum, and Ripple are approaching key technical levels on Monday as the broader crypto market stabilizes. Market participants are closely watching whether BTC, ETH, and XRP can sustain breakouts and achieve decisive daily closes above nearby resistance levels.