• FAQ
  • Contact Us
  • Sitemap
Newsletter
Cripto News
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • News
  • Guide
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • News
  • Guide
No Result
View All Result
Cripto News
No Result
View All Result
Home Business

Ripple Targets Japan-Thailand Remittance Corridor

admin by admin
in Business
0
Ripple Targets Japan-Thailand Remittance Corridor
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In a new partnership with SBI Remit, Ripple Net has launched a remittance payment service for the Japan-Thailand corridor. 

Related articles

Crypto.com Expansion Continues, Now Registered In Canada

Crypto.com Expansion Continues, Now Registered In Canada

Celsius CEO Was Controlling Trades Leading Up To Bankruptcy

Celsius CEO Was Controlling Trades Leading Up To Bankruptcy

Ripple Partners With Japan’s Largest Payment Provider

The Ripple-SBI Remit partnership will introduce RippleNet technology to Japanese-based Thai-origin workers who want to send money back home in a streamlined and cost-effective manner. Since SBI Remit is Japan’s largest payment provider, it will give Ripple access to a large pre-existing user base in the country. The Siam Commercial Bank will be handling the Thai end of the venture. 

Speaking on the partnership, Nobuo Ando, Representative Director at SBI Remit, commented,

“It is our duty to continuously search for superior technological solutions to deliver ever improving remittance services for our customers. With the steady rise of remittance flows, we see Ripple helping us open up new revenue potential for our business and a better overall experience for our customers.”

RippleNet To Make Remittance Payments Easier

Currently, there are around 47,000 Thai nationals living and working in Japan who send money home on a regular basis. The introduction of the RippleNet technology to this significant userbase will allow real-time remittance payments to Thailand. Thanks to the technology, SBI Remit’s customers in Japan can use ATMs to send money in Japanese yen to an SCB savings account in Thailand. The recipient will receive the funds instantly and in Thai bahts. The service will eliminate the need for any intermediate agency or individual. 

The Global Ripple Effect

The Asia-Pacific (APAC) region has been a prime target of crypto services because of its rapid rise to prominence in the crypto market. In addition, the new pro-digital asset rules in the region have made it a very lucrative market for companies like Ripple Labs, which has been on a roll of bringing crypto-based payment services around the globe. The company and its proprietary RippleNet technologies have been especially targeting the major remittance corridors in the world. 

Just last year, Ripple worked with cross-border payment solutions company, Tranglo to address customer demand issues in the existing payment corridors in the APAC region. A few months later, it partnered with financial services provider LuLu Exchange and a leading Pakistani bank, Bank Alfalah, to introduce the RippleNet platform to enhance the cross-border remittance corridor along UAE and Pakistan. The company has also launched the first of its kind On-Demand Liquidity (ODL) service in the Middle East in partnership with blockchain-based financial services technology company Pyypl. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Share76Tweet47

Related Posts

Crypto.com Expansion Continues, Now Registered In Canada

Crypto.com Expansion Continues, Now Registered In Canada

by admin

Crypto.com has acquired the approval of the Ontario Securities Commission to become the first global cryptocurrency platform to be legally...

Celsius CEO Was Controlling Trades Leading Up To Bankruptcy

Celsius CEO Was Controlling Trades Leading Up To Bankruptcy

by admin

A report has claimed that Alex Mashinsky had taken over control of trading strategies at Celsius in the months leading...

Valour provides crypto ETPs to clients of major German banks

Valour provides crypto ETPs to clients of major German banks

by admin

German banks Comdirect and Onvista will use crypto products provided by Valour for their retail clients. Both banks will have...

Upland expands internationally with a sell-out in Rio de Janeiro

Upland expands internationally with a sell-out in Rio de Janeiro

by admin

Upland, the layer-1 metaverse that allows you to mint and own properties that mirror the real world, expands internationally into...

What The Negative Bitcoin Funding Rates Say About Investor Outlook

What The Negative Bitcoin Funding Rates Say About Investor Outlook

by admin

Bitcoin funding rates have remained low even when the price of the digital asset has rebounded. The trend for the...

Load More
  • Trending
  • Comments
  • Latest
Valour provides crypto ETPs to clients of major German banks

Valour provides crypto ETPs to clients of major German banks

Former Top Regulators Chris Giancarlo, Brian Brooks Invest In Crypto Risk Monitoring Startup Solidus Labs

Former Top Regulators Chris Giancarlo, Brian Brooks Invest In Crypto Risk Monitoring Startup Solidus Labs

Upland expands internationally with a sell-out in Rio de Janeiro

Upland expands internationally with a sell-out in Rio de Janeiro

What The Negative Bitcoin Funding Rates Say About Investor Outlook

What The Negative Bitcoin Funding Rates Say About Investor Outlook

Want To Learn More Aabout Lynqyo (LNQ)? Here Is A Detailed Guide For This Upcoming Crypto Token | NewsBTC

Want To Learn More Aabout Lynqyo (LNQ)? Here Is A Detailed Guide For This Upcoming Crypto Token | NewsBTC

How to Sell Bitcoin in 2019 | Bitcoin ATMs, Cash, Exchanges Guide

How to Sell Bitcoin in 2019 | Bitcoin ATMs, Cash, Exchanges Guide

Ethereum Whales Shift Their Holding Into Reputable Exchanges

Ethereum Whales Shift Their Holding Into Reputable Exchanges

Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss

Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss

Will Ethereum Complete Bearish Pattern And Plunge To $1,000?

Will Ethereum Complete Bearish Pattern And Plunge To $1,000?

Bitcoin Approaching $22K, Market Gets New Reason to Celebrate?

Bitcoin Approaching $22K, Market Gets New Reason to Celebrate?

What The Negative Bitcoin Funding Rates Say About Investor Outlook

What The Negative Bitcoin Funding Rates Say About Investor Outlook

Major NFT Marketplace X2Y2 Changes Royalties Policy, Here’s Why It Is Crucial

Major NFT Marketplace X2Y2 Changes Royalties Policy, Here’s Why It Is Crucial

How to Sell Bitcoin in 2019 | Bitcoin ATMs, Cash, Exchanges Guide

How to Sell Bitcoin in 2019 | Bitcoin ATMs, Cash, Exchanges Guide

How To Buy Bitcoin? | BTC Guide For Beginners

How To Buy Bitcoin? | BTC Guide For Beginners

How To Store Bitcoins | Where Are Bitcoins Stored?

How To Store Bitcoins | Where Are Bitcoins Stored?

Bitcoin Pros and Cons | Advantages and Disadvantages of BTC

Bitcoin Pros and Cons | Advantages and Disadvantages of BTC

Is It Safe To Use Bitcoin in 2020?

Is It Safe To Use Bitcoin in 2020?

Crypto.com Expansion Continues, Now Registered In Canada

Crypto.com Expansion Continues, Now Registered In Canada

The latest news in the world of cryptocurrencies

Categories

  • Bitcoin
  • Blockchain
  • Business
  • Guide
  • News
  • Sitemap
  • Contact Us
  • FAQ

© 2022 Cripto News All Rights Reserved

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2022 Cripto News All Rights Reserved