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 <h2 id="sbi-ripple-asia-to-expand-international-remittance-using-xrp">SBI Ripple Asia To Expand International Remittance Using XRP</h2> 
 <p>Starting this month, SBI Remit and SBI Ripple Asia are set to launch international remittance services using the cryptocurrency XRP, targeting bank accounts in the Philippines, Vietnam, and Indonesia, stated a recent press release by SBI Holdings.</p>  
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 <p>SBI Remit has been utilizing Ripple Payments, a system provided by Ripple, for its international money transfer service since 2017. In 2021, the company introduced a solution that incorporates crypto assets into Ripple Payments, making XRP the bridge currency between two legal currencies. This groundbreaking move marked the first international remittance service in Japan to utilize XRP, initially launched for cryptocurrency wallets in the Philippines.</p> 
 <p>By expanding the scope of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>-based international remittances to bank accounts in the Philippines, Vietnam, and Indonesia, <a rel="noopener noreferrer nofollow" title="SBI" href="https://thebittimes.com/tag/sbi.html">SBI</a> Remit now intends to increase its horizons. These nations are excellent prospects for the adoption of this cutting-edge service because they boast a high proportion of remittances to bank accounts.</p> 
 <p>SBI Remit wants to make quick and affordable money transfers possible by using XRP as a bridge currency. The excellent scalability provided by XRP makes it simple to transfer money to Ripple’s international partners. This action is anticipated to increase SBI Remit’s competitiveness in the global money transfer industry.</p>  
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 <h2 id="growing-acceptance-of-xrp">Growing Acceptance Of XRP</h2> 
 <p><a rel="noopener noreferrer nofollow" title="SBI" href="https://thebittimes.com/tag/sbi.html">SBI</a> Remit and <a rel="noopener noreferrer nofollow" title="SBI" href="https://thebittimes.com/tag/sbi.html">SBI</a> <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> Asia are poised to further disrupt and redefine the landscape of global financial transactions as they move on with their ground-breaking project, demonstrating the transformative power of blockchain technology and digital assets.</p> 
 <p>Additionally, 30 merchants and counting, including well-known brands like AMC theaters, Newegg, top South African-based Prepaid Gamer Online, Ace Jewelers, Latvian-headquartered airline AirBaltic, and many others, enable <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> direct payment, according to a recent tweet by BitPay.</p> 
 <p>Also Read: Coinbase Founder Adds Web3 LinkedIn To His List Of Crypto Startup Ideas</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sbi-group-ripple-to-expand-global-remittance-using-xrp-tbt61738.html">https://thebittimes.com/sbi-group-ripple-to-expand-global-remittance-using-xrp-tbt61738.html</a></p>

SBI Group & Ripple To Expand Global Remittance Using XRP

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