Ripple Could Be Adding Large Vietnamese TPBank to RippleNet via SBI Giant

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Mon, 11/04/2019 - 11:56
Yuri Molchan
Ripple continues its global expansion via the Japanese SBI finance giant as it plans to sign up a large Vietnamese TPBank on RippleNet
Cover image via www.123rf.com
Contents

The crypto giant Ripple continues to sign up more banks around the world on its global network RippleNet. As reported by U.Today previously, in Asia and Japan, Ripple is pushing its blockchain technology forward via its partner - the financial giant SBI.

The first step on its path will be the collaboration of the Money Tap payment app running on RippleNet with PayPay – another popular Japanese payment app.

More good news is that now Ripple may be rolling out to Vietnam.

SBI partners with TPBank

In a recent interview, the TPBank’s CEO, Nguyen Hung, confirmed that TPBank plans to collaborate with SBI for faster transactions.

Image via Vietnaminsider

RippleNet was created in collaboration between Ripple Labs and SBI Ripple Asia, based on the nascent blockchain technology. Unlike traditional systems, such as SWIFT, RippleNet transactions just take minutes to complete and get the money sent to any part of the world, regardless of the distance.

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More of recent Ripple’s partnerships

As reported by U.Today, a while ago, Ripple’s investment company Xpring acquired Strata Labs, a small startup that is busy building the Interledger (ILP) network.

Prior to that, in August, Xpring had also bought Equilibrium Connect to streamline the Interledger adoption. Now, Xpring intends to let developers build their own decentralized projects on the ILP network using Strata’s proprietary code.

What are your thoughts on the possible Ripple’s entrance into the Vietnamese market? Feel free to share them in the comments under the article!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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