Ripple’s Asian subdivision, SBI Ripple Asia, has partnered with the Japan Payment Card Consortium (JPCC) in order to develop joint Proof of Concept (PoC) to fight against fraud information, according to the official announcement.
It’s said that Ripple and JPCC would collaborate together with nine major credit card providers of the consortium and two payment-card tech providers. All participants of the partnership would make every efforts to prevent “the spread of damages caused by fraudulent transactions by sharing information on a real-time basis among related parties” using blockchain-based platform Corda.
As it states, every party of the partnership would own a Corda node, and while each company implements its own security strategy, the data sharing among the nodes would be secured by Corda.
Recently, ripple (XRP), the crypto behind the Ripple startup, has been promoting actively around all of the crypto market. Binance CEO, Changpeng Zhao, for example, has said that XRP supporters could help make the crypto as the base currency on Binance.
In addition, on November 14, ripple even succeeded to displace ethereum (ETH) during the total crypto fall and became the world’s second-biggest cryptocurrency by market cap.
Earlier, Ripple announced “a strategic collaboration” with one of the largest Asian banks — CIMB Group (CIMB or the Group).
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