The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

New Ripple-Based Remittance Service Launching – Will Crypto Asset XRP Be Utilized?

by Daily Hodl Staff
November 18, 2019
in Ripple and XRP

SBI Ripple Asia and SBI Remit, a cross-border funds transfer platform that operates as a subsidiary of the Japanese financial giant SBI Holdings, are launching a new payments service between Japan and Vietnam.

The new transfer platform will run on RippleNet with the Tien Phong Commercial Joint Stock Bank, a Vietnamese financial institution, on board.

According to a release, the CEO of SBI Holdings and Ripple board member Yoshitaka Kitao says new remittance services utilizing crypto assets will be released in the future. But he doesn’t specify whether the new remittance corridor between Japan and Vietnam will include the use of the digital asset XRP.

“The booming Vietnamese economy is one of the most attractive markets around the world. TPBank, which the SBI Group has invested in, in 2009 and owns a 19.9% share of, has achieved steady accumulation of loans and non-interest income such as settlement services, by actively utilizing cutting-edge technologies.

The adoption of RippleNet will further differentiate the company from its competitors. We will also develop remittance services that incorporates crypto-assets in the future.”

The number of Vietnamese residents in Japan has quadrupled over the last five years to around 330,835, according to The Japan Times.

CEO of Tien Phong Bank, Nguyen Hung, says,

“Our cooperation with SBI Ripple Asia on the application of blockchain technology in cross border money transfers marks an important turning point in enhancing our customer experience and makes international money transfers via TPBank faster, more convenient and safer than ever before.”

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Zircuit Enables Non-Custodial Wallet Top-Ups for Crypto.com Visa Cards
    May 30, 2025
  • How To Accept Cryptocurrency on Your Website – Step-by-Step Instructions
    May 29, 2025
  • Stanford Grads Announce $28 Million Blockchain Builders Fund Incubating Frontier Web 3.0 Startups
    May 29, 2025
  • Bet20 Launches Premium Casino Platform With Trusted Licensing, Instant Crypto Withdrawals and Elite Gaming
    May 29, 2025
  • Reddio’s Exclusive Token Generation Event and Alpha Trading on Binance Wallet – May 29, 2025
    May 29, 2025
  • Weed Launches Global Well-Being Platform Powered by AI
    May 28, 2025
  • BitMEX Unveils AI-Powered VIP Trading Reports in Partnership With Hoc-Trade
    May 28, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,906.11
$104,906.11
0.25%
Ethereum
$2,543.50
$2,543.50
0.99%
BNB
$660.73
$660.73
0.47%
Solana
$157.76
$157.76
1.32%
XRP
$2.19
$2.19
0.54%

Spotlight

  • Stocks Tick Downward As Trump Proposes 50% Tariff on the European Union and 25% Tariff on Apple’s iPhones
    May 24, 2025
  • Raoul Pal Predicts $140,000+ Bitcoin by July, Says Key Metric Flashing Bullish Signal for BTC
    May 24, 2025
  • New All-Time High Incoming for Bitcoin Soon, According to Economist and Trader Alex Krüger – But There’s a Catch
    May 24, 2025
  • 437,329 Americans Hit by Massive Data Breach – Customer’s Names, Addresses, Social Security Numbers, Medical Records and More at Risk
    May 24, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl