The launch of faster and cheaper remittances starting in the Philippines is coming
Ripple has announced the launch of RippleNet’s first live On-Demand Liquidity service implementation in Japan in collaboration with SBI Remit. That’s the largest money transfer provider in Japan, and one of the leading mobile wallet services in the Philippines.
According to the press release, this expanded partnership will see SBI Remit connect with Coins.ph and digital asset exchange platform SBI VC Trade on RippleNet for faster and more affordable cross-border payments from Japan to the Philippines.
With ODL now available in Japan, RippleNet customers can leverage XRP to eliminate pre-funding and reduce operational costs, unlocking capital and fuel the expansion of their payments businesses.
In this next phase of the partnership, SBI Remit will connect with other established partners on RippleNet and utilize XRP to accelerate their high-performance payments business.
We’ve reported that PayU partners with Visa to enable push payments for businesses in Europe.