Japan's SBI Group subsidiary SBI VC Trade will collaborate with Ripple to utilize its ODL to support XRP remittances

ChainCatcher news, Tomohiko Kondo, president of SBI VC Trade, a trading platform under Japan's SBI Group, stated on social media that SBI VC Trade will partner with Ripple to utilize XRP's international remittance infrastructure ODL for real-time remittances of XRP, with a detailed announcement to be released later.

It is reported that ODL is an on-demand liquidity service provided by Ripple for payment providers and financial institutions, using XRP as a bridge currency to enable fast and efficient cross-border fund transfers.