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

Japanese monetary holding firm SBI Group has introduced that its worldwide remittance companies arm, SBI Remit, has partnered with and SBI Ripple Asia to supply an XRP (XRP) remittance service to financial institution accounts in a number of Southeast Asian nations.

In an announcement, the corporate highlighted that SBI Remit has been utilizing Ripple funds companies for worldwide remittances since 2017. Moreover, SBI Remit additionally launched options utilizing crypto in 2021, claiming that it was the primary in Japan to offer remittance companies utilizing XRP to crypto wallets within the Philippines.

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