Ripple, Tanglo, and SBI Remit Join Forces to Improve XRP Cross-Border Payments
Coinpedia
18 Sep 2023 3:44 AM
Ripple, Tranglo, and SBI Remit have announced a joint venture, SBI Ripple Asia. Last week in a similar move SBI Remit, a subsidiary of SBI VC Trade and...
- Ripple, Tranglo, and SBI Remit have formed a joint venture called SBI Ripple Asia.
- The collaboration aims to introduce Ripple's XRP-enabled remittance solution to bank accounts in the Philippines, Vietnam, and Indonesia.
- SBI Remit has been using Ripple's services for cross-border money transfers since 2017.
- The partnership with Tranglo will streamline cross-border remittances in Southeast Asian countries.
- XRP's advantages as an intermediary currency include speed, cost-effectiveness, and increased scalability.
The overall sentiment of the article is positive, highlighting the potential benefits and advantages of the collaboration between Ripple, Tranglo, and SBI Remit in introducing XRP-enabled remittance solutions in Southeast Asia.
You May Ask
What is the purpose of the joint venture between Ripple, Tranglo, and SBI Remit?Which countries will be the initial focus for introducing Ripple's XRP-enabled remittance solution?How long has SBI Remit been using Ripple's services for cross-border money transfers?What advantages does XRP offer as an intermediary currency for remittances?How will the partnership with Tranglo streamline cross-border remittances in Southeast Asian countries?