SBI Holdings Backs XRP Ledger Research for Japan–South Korea Remittances

SBI Ripple Asia and DSRV are conducting joint research on XRP Ledger (blockchain network tied to XRP) to improve cross-border payments between Japan and South Korea.

XRP

Summary

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Terms & Concepts
  • XRP Ledger: A blockchain network associated with XRP, designed to support fast and low-cost transfers and other digital asset transactions.
  • Cross-border payments: Transfers of money between countries, where payment systems often aim to reduce settlement time and transaction costs.
  • Remittance corridor: A payment route between two countries that is used for recurring money transfers, often for retail or business remittances.