SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

SBI Remit, the international remittance services arm of SBI Group, has partnered with Ripple and SBI Ripple Asia to offer an XRP remittance service to bank accounts in Southeast Asian countries, using XRP as a bridge currency for faster and more cost-effective transactions.

cointelegraph.com

Relevant topic timeline:

8/23/2023

BitBoy Cites Reasons for XRP Growth, Highlights Why XRP Army Should Still Be Excited

XRP has the potential to revolutionize cross-border payments and has gained partnerships with over 100 financial institutions, while also being utilized for various other projects such as tokenization and decentralized finance.

8/25/2023

"Western Union Explores Ripple's Blockchain and XRP to Revolutionize Money Transfers"

Western Union is considering using Ripple's blockchain technology and XRP token to optimize capital and settle transactions, reflecting a growing trend of major financial institutions incorporating cryptocurrencies into their business.

8/26/2023

XRP Price Prediction as XRP Becomes Top Performing Coin in the Market – Is the Sell-Off Over?

### Summary Ripple (XRP) has seen a significant rise in price due to a bullish trend in the cryptocurrency market, positive news about partnerships, and its growing popularity in South Korea. Financial institutions are adopting Ripple's technology for cross-border payments, validating the utility of XRP. However, caution is advised as the market remains highly volatile, and XRP's future performance is uncertain.