SBI Remit implements Ripple for fast transfers

Ripple and XRP Ledger for international transfers

Japan’s SBI Remit (SBI Holdings), together with Tottori Bank, is implementing Ripple technology to optimize small-value international transfers. The initiative aims to speed up transactions and reduce fees compared to the SWIFT system, which remains slow and costly due to regulatory requirements. At the same time, SBI Ripple Asia is testing the use of the XRP Ledger for transfers between Japan and South Korea and is also developing a digital asset issuance platform. The region is moving toward a hybrid model: blockchain-based solutions are used for fast, low-cost payments, while traditional banking systems continue to handle large-scale transactions.