Japan’s SBI has been a long-standing partner of Ripple since 2016.
SBI Remit, a subsidiary of banking giant SBI, recently announced collaboration with a major Japanese bank – Hamamatsu Iwata. This partnership aims to build a RippleNet based international remittance platform.
“Our mission is to provide financial services centered on remittances to foreign residents, and we use Ripple’s distributed ledger technology, which is characterized by speed of deposit and low fees.”
The Asian-Pacific region is becoming the blockchain company’s geographical forte. The popularity of Ripple’s ODL has made it one of the most trustworthy choices in the international fund transfer space.