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CryptoMediumUpdated•Originally published 21 April 2026•Updated 21 April 2026•

1 min read

Ripple Expands Japan Footprint via SBI Remit and Tottori Bank Partnership

Key Facts

1SBI Remit launched international money transfer services in collaboration with Tottori Bank using Ripple technology.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: The story was updated to specify that the new XRP-based remittance corridor aims to challenge the SWIFT system and facilitate everyday retail payments for overseas citizens.

SBI Remit has officially launched international money transfer services in collaboration with Tottori Bank, utilizing Ripple's distributed ledger technology. This partnership marks the 26th collaboration between SBI Remit and regional financial institutions in Japan, signaling a robust adoption of blockchain solutions. The new XRP-based remittance corridor specifically aims to challenge the SWIFT system by facilitating everyday payments for Japanese citizens living abroad. This integration seeks to streamline cross-border payments, providing faster and more cost-effective settlement options for bank customers. By leveraging Ripple's technology, the alliance strengthens the practical utility of blockchain within the traditional Japanese banking sector. This expansion is viewed as a bullish signal for XRP, demonstrating continued institutional trust in Ripple's infrastructure as SBI Holdings bridges the gap between conventional finance and digital assets.