cannylad Posted February 28, 2018 Share Posted February 28, 2018 "Bear in mind I am not the brightest person just thought it might interest some" We regret to inform you that due to a variety of circumstances, we will be closing the following SWIFT bank accounts, as well as our domestic JPY funding accounts at SMBC in Japan. Please note that SEPA Euro funding will not be affected. Cryptocurrency funding will continue as usual. (All dates mentioned below are represented in JST) The Following Funding Accounts will be Closed on March 21st: USD, EUR, GBP (SWIFT) Account Name: Payward Japan K.K. Address: 3-11-10 Higashi, Shibuya-ku, Tokyo Bank name: Sumitomo Mitsui Banking Corporation (SMBC) Bank / branch location: 2-4-1 Hamamatsucho, Minato-ku, Tokyo 105-6101, Japan SWIFT code: SMBCJPJT Account number: 6793010727 Domestic JPY Account name: ﾍﾟｲﾜｰﾄﾞｼﾞｬﾊﾟﾝ(ｶ Bank name: 三井住友銀行 Branch name: 浜松町支店普通口座 Bank code: 0009 Branch code: 679 Account number: 9602613 Account Closure Schedule Deposits received by midnight, March 20th, 2018 (Tues.) will be credited to your Kraken account as usual. On and after March 21st 2018, however, any newly received deposits will be returned to the originating bank account. Withdrawals requested by 12:00 PM on March 27th, 2018 will be processed and sent onMarch 28th, 2018. USD, EUR, and GBP withdrawals via SWIFT, and domestic JPY withdrawals requested after this time will not be processed, and the funds will be returned to your Kraken account. While this is a disappointing development, we are dedicating further resources to our banking relationships and the implementation of new funding methods. We will reach out to you again when we have further details to share. We sincerely apologize for the short notice, but please take care heed the above deadlines in order to minimize inconvenience. Thank you for your understanding and cooperation. The Kraken Team Link to comment Share on other sites More sharing options...
XRPHdlr Posted February 28, 2018 Share Posted February 28, 2018 I got that too... What do you guys think it means? Link to comment Share on other sites More sharing options...
Fleshmeister Posted February 28, 2018 Share Posted February 28, 2018 xRapid P3T3RIS and XRPHdlr 2 Link to comment Share on other sites More sharing options...
cannylad Posted February 28, 2018 Author Share Posted February 28, 2018 Fingers crossed it does Link to comment Share on other sites More sharing options...
Sarnos Posted February 28, 2018 Share Posted February 28, 2018 Quote While this is a disappointing development, we are dedicating further resources to our banking relationships and the implementation of new funding methods. We will reach out to you again when we have further details to share. you sure it means xRapid Link to comment Share on other sites More sharing options...
JBW Posted February 28, 2018 Share Posted February 28, 2018 29 minutes ago, Fleshmeister said: xRapid Yeah I think that too Link to comment Share on other sites More sharing options...
panmores Posted February 28, 2018 Share Posted February 28, 2018 Link to comment Share on other sites More sharing options...
TheXRPer Posted February 28, 2018 Share Posted February 28, 2018 This has to mean even less volume after 3/21 for XRP. Yes, I know that Kraken isn't the biggest percentage exchange for XRP, but we are desperate for fiat pairs exchanges. Link to comment Share on other sites More sharing options...
DarkHorseXRP Posted February 28, 2018 Share Posted February 28, 2018 I just saw this news from a russian source : https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=https%3A%2F%2Ffreedman.club%2Fkraken-soobshhaet-o-zakrytii-bankovskix-schet%2F&sandbox=1 Link to comment Share on other sites More sharing options...
DarkHorseXRP Posted February 28, 2018 Share Posted February 28, 2018 The SMBC joined the SBI Ripple Asia’s Bank Consortium in july, 2017, if I remember. Link to comment Share on other sites More sharing options...
Premium Posted February 28, 2018 Share Posted February 28, 2018 I received this email from Kraken taking about having to end some of their funding options using Swift as well as their Japanese currency funding. Link to comment Share on other sites More sharing options...
Fleshmeister Posted February 28, 2018 Share Posted February 28, 2018 Already posted Link to comment Share on other sites More sharing options...
zerpules Posted February 28, 2018 Share Posted February 28, 2018 Wouldn’t get carried away but could be interesting. We’re reading more and more about relationships with swift turning sour and there’s also things like the Russian theft etc. that doesn’t look good on them. If businesses do start to abandon swift does it really make sense for them to look any further than ripple? Link to comment Share on other sites More sharing options...
Mercury Posted February 28, 2018 Share Posted February 28, 2018 It seems this is only for none domestic USD transfers. Interestingly other fiat that routes through Japaneses banks are not affected, ie. CAD Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now