SBI Remit will use XRP as a bridge currency to enable faster and more cost-effective remittances to several Southeast Asian countries.
Category: SBI Remit
Auto Added by WPeMatico
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges
Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph. Ripple, SBI, Coins.ph Collaborate to Launch Ripplenet’s On-Demand Liquidity Ripple Labs announced Wednesday “the launch of Ripplenet’s first live On-Demand Liquidity (ODL) service implementation in Japan” in […]Powered by WPeMatico
Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%
Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new […]
The post Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% appeared first on Bitcoin News.
Powered by WPeMatico
Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa
Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets. In Nigeria, Sure Remit is helping make cash transfers cheaper and in Zimbabwe, TV subscriptions, […]
The post Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa appeared first on Bitcoin News.
Powered by WPeMatico