SBI Remit Reaches $15 Billion in Global Transfers With XRP-Powered Settlement Now Live

SBI Remit announced that cumulative international money transfers processed through its platform surpassed 2.5 trillion yen, approximately $15 billion, reflecting sustained real-world adoption of blockchain-based payment infrastructure.

The platform leverages Ripple's On-Demand Liquidity (ODL) service, which uses XRP as a bridge asset to enable near-instant cross-border settlement. When customers initiate transfers, funds are converted to XRP, moved across borders within seconds, and then exchanged into the recipient's local currency, reducing settlement delays and operational costs compared to traditional correspondent banking.