SBI Ripple Asia Launches Cambodia’s First Cross-Border Remittance Service Using Blockchain (video)

The service uses RippleNet to create a payments corridor between banks in Cambodia and Vietnam.

SBI Ripple Asia, a joint venture between SBI Holdings and Ripple, has introduced Cambodia’s first international remittance service that uses blockchain rails.

After testing with SBI LY HOUR Bank, a subsidiary of Japan-based SBI Holdings, the initiative was approved by the National Bank of Cambodia, according to an announcement Friday.


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