Today news
About the same in other media
SBI extends Ripple XRP to new remittance corridors
Reading now: 583
finextra.comSBI Remit, part of Asian fintech powerhouse SBI, has been tapping Ripple for its international money transfer service since 2017.
In 2021 it began using XRP as a bridge between two fiat currencies to perform cross border remittances from Japan to a digital wallet in the Philippines.
From this month, the effort will be expanded to bank accounts in the Philippines, Vietnam, and Indonesia.
SBI Remit says that by using XRP as a bridge currency is cuts the cost of pre-funding destination accounts. In addition, the move offers scalability as money can be easily transferred to Ripple’s partners around the world.
About this in other media
Asia's edge isn't just cheap labor, whether it's China, India or Japan, KKR says cnbc.com /1 year ago
SEC Defers Bitcoin ETF Verdict Again, While Ripple (XRP) Stagnates and InQubeta (QUBE) Presale Pulls Significant Funds cryptonews.com /1 year ago
SEC Rejects Coinbase's Move with Celsius; Ripple (XRP) and InQubeta (QUBE) Presale Significant Investment cryptonews.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
