Ripple Partner InstaReM Now Powers Real-Time Remittance Payments for SBI Remit and Cosmoney Clients

    • With this partnership, InstaReM plans to establish as a leading provider of real-time payments

    Ripple partner InstaReM will now power real-time cross border payments for the clients of another Ripple partner SBI, as per the latest announcement.

    A leading global financial payments infrastructure, InstaReM first joined Ripple for Southeast Asia payouts via RippleNet at the beginning of last year.

    Now, the company is going to work with one of the leading banking partners of Ripple SBI — SBI Remit and SBI Cosmoney — across select markets.

    InstaReM currently powers payments for four of the top ten Southeast Asian banks and financial institutions across the globe. Now, with this new partnership with SBI Remit and SBI Cosmoney, the company would be able to further establish itself as a leading player in the institutional payments space.

    On this partnership with SBI Remit and SBI Cosmoney, Prajit Nanu, co-founder and CEO of InstaReM shared,

    “We are delighted to be working together with SBI Remit and SBI Cosmoney to power their outward real-time remittances. This relationship further cements InstaReM’s position as a leading provider for real-time payments.”

    “With InstaReM, the clients of SBI Remit and SBI Cosmoney will be able to realize faster turnarounds, while being assured of certainty on delivery times and payout amounts,”

    he added.

    SBI Cosmoney allows its users to send money internationally in a safe and secure manner with the utilization of blockchain technology that eliminates the shortcomings of traditional remittance services. It currently supports 12 countries in Asia, Europe, Oceania, and North America.

    “We are pleased to be partnering with InstaReMin delivering swift, secure and efficient remittance services for our customers,”

    said Joe Kim, CEO of SBI Cosmoney.

    Japan’s SBI Remit, in collaboration with Siam Commercial Bank (SCB) in 2017 started using xCurrent, Ripple’s blockchain enterprise solution to power real time remittance payments between Japan and Thailand.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Swiss Private Banking Giant Julius Baer Adds Digital Asset Trading And Crypto Custody Services

    The major Swiss wealth management and private banking group Julius Baer just launched, in partnership with Seba, its new custodial and trading cryptocurrency services. The...

    Iran's Ministry of Industries, Mining, and Trade Grant More Than 1,000 Crypto Miners Licenses

    Iran is regulating crypto miners after a new licensing regime has been introduced by the country’s government. According to an official representative from the Iranian...

    CME Gaps for Bitcoin Price Fill over 95% of the Time: Research

    CME Gaps are popular topics that frequently get talked about in the crypto market, which usually has seen Bitcoin dumping. These Gaps occur because unlike...

    The Upcoming Cut in Bitcoin Supply Means Zero for BTC Price Says, Analyst

    Searches for bitcoin halving on Google Trends on an uptrend “Makes no sense” to discuss if the halving is priced in says economist...

    WEF's New Global Consortium To Focus On Cryptocurrency Governance Framework

    The World Economic Forum (WEF) has announced the creation of a global consortium which will come up with a governance framework for all cryptocurrencies...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.