Japanese banks J-Con has launched a new payment platform named adında adında. Experts in the crypto money market argue that this will affect another payout platform, Ripple, and the platform's crypto-money XRP. J-Coin, which started with the meeting of sixty Japanese banks, was shared with our dear readers in this article. So can J-Coin really be a rival to Ripple?
Banks and Ripple
Ripple, which is able to complete international payments at a low cost, fast and secure, has a relationship with traditional banks. After the successful steps taken by the Ripple team, many banks have taken advantage of the XRP's services. But JPMorgan Coin (JPM) and the innovations introduced by financial institutions such as J-Coin are often compared to XRP.
One of the largest banks in Japan Mizuho Bank In 2017, he went beyond tradition and successfully sent a file from Japan to Australia via Blockchain. The so-called meydan blood to the tooth ödeme bank has created a new payment processing platform with the other 59 banks: J-Coin. These banks offer a secret digital platform independent of the Blockchain.
Digital Coins of Banks
The digital payment platform developed by Japan-based banks, J-Coin brings to mind the efforts of central banks to launch their own digital money. One of the problems that the crypto coins overcome in the current financial system is its commitment to a center. It can be said that the digital money to be introduced by the banks will not differ from the nominal currencies in our bank accounts. Crypto paralarsa to users independent economy Promises.