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Ripple’s MoneyTap Gets Investment From Second Largest Bank in Japan

Ripple’s MoneyTap Gets Investment From Second Largest Bank in Japan

Sumitomo Mitsui Banking Corporation (SMBC), the second-largest banking institution in Japan, has partnered with SBI Holdings to build a Blockchain-based financial service platform, The Nikkeireports . SMBC plans to put money into the companies of the Japanese financial conglomerate to expand the use of the distributed ledger technology in trade finance and individual bank remittances.








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