SBI Remit, supported by a settlement solution driven by XRP, is now live, with a global transfer volume reaching 15 billion USD


SBI Remit announced that the total international remittances processed through its platform have exceeded 2.5 trillion yen, approximately 150 billion USD, reflecting the ongoing adoption of blockchain-based payment infrastructure in real-world scenarios.
The platform utilizes Ripple's On-Demand Liquidity (ODL) service, which uses XRP as a bridging asset to achieve near-instant cross-border settlements.
When a customer initiates a transfer, the funds are converted into XRP, transferred across borders within seconds, and then converted into the recipient's local currency, thereby reducing settlement delays and operational costs compared to traditional correspondent banking clearing.
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