Today news
About the same in other media
SBI extends Ripple XRP to new remittance corridors
Reading now: 524
SBI 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
D-Street extends losses for 4th day on outflows, oil highs economictimes.indiatimes.com /7 months ago
Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain cointelegraph.com /7 months ago
View: G20 summit charts a path from past to future amid new challenges and opportunities economictimes.indiatimes.com /7 months ago
Show more
The website fvbb.com 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.
