SBI Remit, part of Asian fintech powerhouse SBI, has been tapping Ripple for its international money transfer service since 2017.In 2021 it began using XRP as a bridge between two fiat currencies to perform cross border remittances from Japan to a digital wallet in the Philippines. From this month, the effort will be expanded to bank accounts in the Philippines, Vietnam, and Indonesia. SBI Remit says that by using XRP as a bridge currency is cuts the cost of pre-funding destination accounts. In addition, the move offers scalability as money can be easily transferred to Ripple’s partners around the world.