Things are constantly evolving in the world of Ripple and XRP. Especially their Asian partners are quite pleased with some of the more recent developments. In SBI Holdings’ financial report, the bank notes how XRP usage reduces costs by 60%. This applies to international remittance conducted by SBI Holdings and others banks alike. An interesting future lies ahead in this regard, assuming more institutions want to give Ripple’s asset a try.

There are many valid reasons to pay attention to XRP these days. While not a traditional cryptocurrency, Ripple’s native asset is quite valuable. Banks all over the world can cut down on overhead costs by quite a margin. According to SBI Holdings, remittance fees can be cut down by around 60%. At the same time, the banks get near real-time settlement without any friction. There is no reason not to explore this option further.

SBI Holdings has High Hopes for XRP

It is good to see SBI Holdings remain positive about XRP. While the value of this asset is being manipulated on exchanges, banks see the bigger picture. There are a few dozen banks readily exploring this technology and digital asset as we speak. It is evident this currency is designed to revolutionize the banking system as a whole. Not an easy feat by any means, but it is certainly doable with digital assets.