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"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: ペイワードジャパン(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

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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 :P

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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. 

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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.

 

1B6ECC49-AD69-4719-83E9-BFFA22AEDE21.jpeg

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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?

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