How does Ripple's On-Demand Liquidity service with SBI Remit use XRP for Japan-Philippines payments?

Company-reported Published October 7, 2026 1 min read

Ripple announced the launch of RippleNet’s first live On-Demand Liquidity implementation in Japan with SBI Remit, connecting with Coins.ph and SBI VC Trade for faster, cheaper Japan-Philippines payments using XRP to eliminate pre-funding and reduce costs.

The full answer

What did Ripple state?

On July 28, 2021, Ripple stated the following. Ripple announced the launch of RippleNet’s first live On-Demand Liquidity implementation in Japan with SBI Remit, connecting with Coins.ph and SBI VC Trade for faster, cheaper Japan-Philippines payments using XRP to eliminate pre-funding and reduce costs. [1]

The source’s own words: “Ripple, the leading provider of enterprise blockchain and cryptocurrency solutions for global payments, announced today the launch of RippleNet’s first live On-Demand Liquidity (ODL) service implementation in Japan, in collaboration with SBI Remit Co., Ltd” [1]

Where does this fit on the site?

For the wider picture, see Is Ripple’s On-Demand Liquidity service using XRP live for Japan to Philippines remittances? and How does Ripple’s On-Demand Liquidity (ODL) use XRP?. Two related questions are How is Ripple’s partnership with Jeonbuk Bank changing cross-border payments in Korea? and How much XRP liquidity would it take to settle a share of global payments?

What we know

Ripple announced the launch of RippleNet’s first live On-Demand Liquidity implementation in Japan with SBI Remit, connecting with Coins.ph and SBI VC Trade for faster, cheaper Japan-Philippines payments using XRP to eliminate pre-funding and reduce costs (Ripple, July 28, 2021).

In plain English

Sources

Ripple press release (ripple.com) — Ripple, 2021-07-28 Primary

Update log

October 7, 2026 — Published.

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