SBI Remit’s XRP-powered settlement solution is now live, with global transfer volume reaching $15 billion. SBI Remit announced that international remittances processed through its platform have cumulatively exceeded 2.5 trillion yen, or approximately $15 billion, reflecting the continued real-world adoption of blockchain-based payment infrastructure. The platform uses Ripple’s On-Demand Liquidity (ODL) service, which uses XRP as a bridge asset to enable near-instant cross-border settlement. When customers initiate a transfer, the funds are converted into XRP, transferred across borders within seconds, and then converted into the recipient’s local currency—reducing settlement delays and operational costs compared with traditional correspondent bank clearing.

XRP-1.1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned