SBI Remit and Tottori Bank launched international money transfer services on April 20, expanding what XRP-focused observers describe as Ripple’s remittance footprint linked to the bank in Japan. This partnership marks the 26th collaboration between SBI Remit and a financial institution, once again referencing Ripple’s distributed ledger technology as part of the service package.
The Ripple angle was highlighted by XRP community commenter Eri, who wrote on Optional bridge“.
XRP Scoop📢Tottori Bank & @SBIRemit International money transfer services start on April 20. This marks the 26th partner of Bank|FI SBI Remit, which is actively using it @rippleDLT for low cost money transfers 24/7. where $XRP Liquidity is abundant, and XRP can serve as an optional bridge. pic.twitter.com/Qp7I77nHo6
— 🌸Eri ~ Carpe Diem (@sentosumosaba) April 19, 2026
Ripple’s remittance network in Japan expands to 26 banks
This framework goes somewhat further than the SBI Remit framework press releasewhich highlights Ripple’s technology directly but does not explicitly state that XRP will be used in this offering. However, the company stated that since its founding in 2010, it has “actively integrated cutting-edge financial technologies, such as Ripple’s distributed ledger technology” as part of its efforts to offer secure, low-cost and fast international transfers.
In practical terms, the new partnership aims to increase the foreign workforce in Tottori Prefecture and the financial institutions that serve it. SBI Remit said the number of foreign workers and the number of companies employing them have risen to record levels in the province, making access to reliable cross-border payments even more important for workers sending money home and for local employers trying to support them.
The company described a market that increasingly demands speed, convenience and always-on access. “Foreign clients now need fast, low-cost, 24/7 services that can be initiated via apps, as well as services that support diverse delivery methods, such as expanding e-wallets in the receiving country,” SBI Remit said.
“At the same time, with the increase in the number of foreign workers, regional financial institutions are facing increasing requests from companies to open salary deposit accounts. Moreover, after the accounts are submitted, they are required to handle new customer management tasks, including residence permit expiration dates and return information.”
This helps explain why the infrastructure associated with Ripple It continues to appear through SBI channels In Japan: The presentation is less about crypto branding and more about solving remittance bottlenecks and compliance for banks and end users. SBI Remit said it now offers an integrated service that combines “remittances to your hometown” and “salary deposit accounts” for foreign residents, backed by multilingual support in 12 languages.
Iri also suggested that the Tottori deal fits into a broader strategy of regional banks within Japan. In her response to another X user, she wrote in full: “No doubt. Japan has more than 200 banks, including foreign banks, trusts, and various levels of regional banks. The Big Three and Japan Post dominate. Mr. Kitao It has focused on bringing regional banks into the fold. I also think you will see expansion in South Korea with the same technology through SBI initiatives.
At press time, XRP was trading at $1.42.
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