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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the continued expansion of blockchain solutions in Asia's remittance sector, SBI Remit announced that its cumulative international transfer volume has surpassed $15 billion. According to reports, the company integrates XRP as a bridge asset to facilitate cross-border fund transfers within its infrastructure. This milestone highlights the growing role of modern financial technologies in accelerating international payments and reducing costs across financial corridors between Japan and Southeast Asia.
This growth comes at a time of intense competition among Japanese fintech firms, as SBI Remit seeks to strengthen its market share against rivals such as Kyodai Remittance and Western Union. Per market data, the adoption of Ripple protocols in the region continues to grow as financial institutions look to reduce reliance on the traditional SWIFT system. The strategic partnership between SBI and Ripple has significantly contributed to driving daily XRP trading volumes in Asian markets.
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Sign InOn the trading front, XRP remained at technical consolidation levels coinciding with the release of significant US economic data, including the Core PCE Price Index which recorded 0.2% on May 28, 2026. Traders are currently monitoring support levels near recent lows, while awaiting speeches from Fed officials Logan and Cook scheduled for May 27 for signals on monetary policy that could impact risk appetite in the crypto market.