XRP Remittance Tech Expanded to Three Countries by $138,000,000,000 Financial Giant’s Subsidiary - The Daily Hodl

SBI Remit, a subsidiary of Japanese financial giant SBI Group, is partnering with Ripple to provide remittances using XRP to the Philippines, Vietnam, and Indonesia.
Citizens in those countries will be able to receive remittances in their local currencies.
XRP will be used as a "bridge currency" to facilitate fast, low-cost transfers.
The Philippines, Vietnam and Indonesia were chosen due to high and growing remittance inflows.
SBI oversees $138 billion in assets and believes using XRP will strengthen their competitiveness in international money transfers.

dailyhodl.com

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Posted 9/6/2023, 10:01:26 PM