• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Thursday, February 9, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

SBI Remit partners with Ripple to launch Japan’s first international remittance service

News
by Gauri Bhatia
28 July 2021
SBI Remit partners with Ripple to launch Japan’s first international remittance service
Share on FacebookShare on Twitter

SBI Remit Co., Ltd. has announced that its collaboration with Ripple to launch Japan’s first international remittance service using digital assets. SBI Remit is Japan’s largest money transfer provider and will offer ODL (On-Demand Liquidity) using XRP to the Philippines.

In addition to SBI Remit, Ripple has partnered with Coins.ph, a mobile wallet in the Philippines, and SBI VC Trade, a crypto asset exchange to provide faster and cheaper remittances to the Philippines. More than 5 million citizens of the Philippines live abroad and the Philippines is the third-largest remittance-receiving country in Asia.

The company aims to generate a revenue stream of $1.8 billion through its remittance services from Japan and the Philippines.

In a press release published by Ripple, Asheesh Birla, General Manager of RippleNet said:

“The expansion of our relationship with SBI Remit to kickstart RippleNet’s ODL service in Japan marks a major milestone in one of our largest markets. SBI Remit has been a leader when it comes to embracing new technology to deliver the best customer experience.

We are excited to partner with forward-looking companies like SBI that see the value in blockchain technology and to support them in preparing for a crypto-enabled future.”

By employing the ODL service of RippleNet, clients can convert national currencies to XRP (Ripple’s cryptocurrency) and from XRP to another country’s currency.

 

Previous Post

Bitcoin miner Stronghold plans to raise $100 million in IPO

Next Post

1inch will refund gas costs to users, to airdrop tokens worth $22 million

Gauri Bhatia

Gauri Bhatia

Gauri is a full-time Content Writer at Our Bitcoin News. With a degree in Economics, she covers major news and concerns surrounding crypto-space.

Related Posts

Price manipulation on decentralized exchange GMX or USD pair of Avalanche (AVAX) is damaged

Bitcoin drops to $ 22,500, ASTR and GARI surge temporarily

by Kurt Ebenzer
9 February 2023

Macroeconomics and financial markets In the US NY stock market on the 8th, the Dow closed at $207.68 (0.61%) lower...

Fujitsu to provide “acceleration platform” Motivated to develop Web3 business

Fujitsu to provide “acceleration platform” Motivated to develop Web3 business

by Kurt Ebenzer
9 February 2023

Fujitsu's Web3 Promotion Platform Fujitsu, a major IT company, announced on the 6th the platform "Fujitsu Web3 Acceleration Platform" for...

Bybit and Crypto.com, major crypto exchanges rallying in Dubai, set up bases

Dubai regulator announces policy on cryptocurrencies, bans highly anonymous currencies

by Kurt Ebenzer
9 February 2023

UAE Dubai Cryptocurrency Regulation Policy The United Arab Emirates (UAE) Dubai's Crypto Assets (Virtual Currency) Regulatory Authority (VARA) has released...

No Result
View All Result

Recent Posts

  • Bitcoin drops to $ 22,500, ASTR and GARI surge temporarily
  • Fujitsu to provide “acceleration platform” Motivated to develop Web3 business
  • Dubai regulator announces policy on cryptocurrencies, bans highly anonymous currencies
  • Kraken under SEC probe for offering unregistered securities: report
  • Binance, movement to establish a consortium ── aim to restore industry trust: stakeholders | coindesk JAPAN | Coindesk Japan
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News