SBI Ripple Asia launches first blockchain remittance service between Japan and Vietnam [Yahoo! Finance News]
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Source: Yahoo! Finance News
SBI Ripple Asia launches first blockchain remittance service between Japan and Vietnam Tokyo-based remittance company SBI Remit has announced the launch of the first-ever blockchain-based money transfer service between Japan and Vietnam. According to a press release The new service is part of SBI Ripple Asia The group has a preexisting partnership with international remittance company MoneyGram, which facilitates international money transfers in around 10 minutes. However, through RippleNet technology, the group hopes its service will become even faster and cheaper. Commenting on the launch, SBI representative Yoshitaka Kitao said: “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.” Kitao didn’t elaborate on what other crypto-assets may be available for transfer on the network in the future, but Ripple’s own XRP currency seems a likely candidate. Tien Phong Bank
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