This article was first published on: Insights – Ripple --

The revolution to drive the Internet of Value is gaining more momentum as Japan Bank Consortium (JBC) — a collection of 61 Japan-based bank members brought together by SBI Holdings and SBI Ripple Asia — announced that it’s made progress to become production-ready on RippleNet.

Soon, Japanese banks will not only be quickly onboarded with minimal effort, but also easily connect to other member banks in Ripple’s network — furthering their reach with real-time global settlement.

Each bank will have the ability to use Ripple solutions to send real-time, low-cost, transparent domestic and cross-border payments.

The progression to production-ready is not only good news for JBC, but for also for banks who want to connect to the Japanese market. Foreign banks will have visibility and predictability regarding fees and timing from payments going into and out of Japan.

Expanding network effects to deliver a better customer experience

JBC and Ripple worked together closely to create a unified plat...

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