Ripple-affiliated XRP has printed an over 19-percent rise after the news announced by Ripple
The six-ranked digital currency XRP has staged an over 17 percent rise after the Ripple giant announced that the subsidiaries launched by its major Japanese partner SBI (SBI Remit and SBI VC Trade) are launching a new ODL corridor from Japan to the Philippines that would be running on RippleNet.
At the time of writing, XRP has risen 19.25 percent and is trading at $0.7512, as per the data from CoinMarketCap.
The new ODL product will allow users to instantly convert XRP to the Philippine peso. The partner of the project in the Philippines is the major local crypto exchange Coins.ph.
🔥 JUST IN: SBI Remit and SBI VC Trade
launch Japan’s first international remittance service using crypto assets- Starthttps://t.co/qzkevciLQy #XRP #XRPCommunity #crypto #blockchain pic.twitter.com/BjLPoiLWZH
— The Cryptic Poet (@1CrypticPoet) July 28, 2021