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SBI Remit surpasses $15B in transfers using XRP-powered blockchain payments.

Protocol Fundamentals
30 May 2026, 17:04 WIB
Coinpaper
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Bullish
SBI Remit surpasses $15B in transfers using XRP-powered blockchain payments.

SBI Remit has processed over $15 billion in international money transfers, leveraging Ripple's XRP-powered blockchain technology to enable faster, cheaper cross-border payments. This milestone highlights the growing real-world use of digital assets in financial services, especially for expatriates and migrant workers in Japan. The platform's use of On-Demand Liquidity (ODL) allows near-instant settlement without pre-funding accounts, improving efficiency and reducing costs. SBI Remit's success signals broader adoption of blockchain in Japan's banking sector and the evolving role of digital assets in global remittances.

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