What milestone did SBI Remit reach using Ripple's payment infrastructure?

SBI Remit announced that its cumulative cross-border transfer volume exceeded ¥2.5 trillion, or more than $15 billion. The milestone highlights the growing scale of international payments processed through corridors that increasingly use Ripple technology.

How does SBI Remit use XRP for international payments?

SBI Remit uses Ripple's On-Demand Liquidity (ODL) service, which uses XRP as a bridge asset between currencies. This allows funds to move across borders without requiring companies to hold large pre-funded balances in destination countries.

Why is the $15 billion transfer milestone important for XRP?

The milestone demonstrates that XRP is being used in real-world payment flows rather than solely for trading and speculation. It provides evidence that financial institutions are using XRP-powered infrastructure to facilitate cross-border transfers at scale.

How fast has SBI Remit's growth accelerated?

SBI Remit took roughly 14 years to process its first ¥2 trillion in transfers. It then added another ¥500 billion in just 17 months, suggesting transaction growth has accelerated significantly as Ripple-powered corridors expanded.

Which countries are connected through SBI Remit's XRP payment network?

The main corridors include transfers from Japan to the Philippines, Vietnam and Indonesia. These routes were expanded through partnerships with regional payment providers such as Tranglo.

What problem does Ripple's On-Demand Liquidity solve?

Traditional remittance providers often need to maintain cash reserves in multiple countries before transfers occur. ODL uses XRP to bridge currencies in real time, reducing the need for pre-funded accounts and potentially lowering liquidity costs.

Why is Japan so important to Ripple's global business?

Japan is one of Ripple's strongest markets. SBI Holdings owns an estimated 9% stake in Ripple, and the country reportedly accounts for more than half of Ripple's global ODL transaction volume.

Does higher XRP payment volume automatically increase XRP's price?

Not necessarily. ODL transactions typically buy and sell XRP within seconds, meaning the token is used as a bridge rather than being held long term. Increased payment activity does not automatically create sustained buying pressure on XRP.

Image for illustrative purposes only. Not a real photo.

SBI Remit tops $15B on Ripple rails

Written by Heidi Cuthbert Published May. 30 2026Last Updated May. 30 2026

SBI Remit, Japan’s international remittance provider using Ripple technology, has surpassed ¥2.5 trillion in cumulative cross-border transfers, equivalent to more than $15 billion at current exchange rates.

The milestone highlights the growing role of Ripple’s payment infrastructure in international money transfers, particularly since SBI Remit adopted Ripple’s On-Demand Liquidity (ODL) service in 2021.

ODL uses XRP as a bridge asset between currencies, allowing funds to move across borders without the need for pre-funded accounts in destination countries.

SBI Remit reached its first ¥2 trillion in transfer volume over 14 years, but added the next ¥500 billion in just 17 months, reflecting faster growth as Ripple-powered payment corridors expanded across Asia.

The company initially launched Ripple-powered transfers between Japan and the Philippines before extending services to bank accounts in the Philippines, Vietnam and Indonesia through Singapore-based payment network Tranglo.

Japan has become a critical market for Ripple, with parent company SBI Holdings holding an estimated 9% stake in Ripple and supporting initiatives including a proposed XRP exchange-traded fund and distribution of the RLUSD stablecoin.

While the milestone demonstrates growing real-world usage of XRP in cross-border payments, analysts note that ODL transactions typically buy and sell XRP within seconds, meaning increased payment volume does not necessarily translate into long-term demand for the token, although future ETF approvals in Japan could create a separate source of investor demand.

At the time of reporting, XRP price was $1.36.