SBI Remit Hits $15B in Transfers With XRP Integration
SBI Remit Tops $15B in Transfers as XRP-Powered Payments Move Into Real-World Scale SBI Remit has announced a , with cumulative international money transfers processed through its platform surpassing 2.5 trillion yen, roughly $15 billion. This achievement underscores both the steady demand for cross-border remittance services and the companys growing role in modernizing global payments for foreign residents in Japan. SBI Remit primarily serves expatriates and migrant workers who rely on fast and affordable ways to send money to families and businesses abroad. In traditional banking systems, these transfers often involve multiple intermediaries, high fees, and delays that can stretch over several days. SBI Remit has positioned itself as a more efficient alternative by leveraging blockchain-based infrastructure. A key driver of this efficiency is its long-running partnership with Ripple. Since 2017, SBI Remit has used , Ripples global payments network designed to streamline cross-border transactions with faster settlement times and improved transparency compared to traditional correspondent banking. This in 2021 when SBI Remit became the first company in Japan to introduce international remittance services powered by On-Demand Liquidity (ODL). ODL uses XRP as a bridge asset, allowing value to move across borders without requiring institutions to pre-fund accounts in destination countries. Instead, liquidity is sourced in real








