Ripple in GERMANY + Ripple in CHINA, Xrapid Developer, SBI Group Japan Invest in SENDO

August 13, 2018 by Krishna teja Ripple plans partnership with ‘many banks’ in Germany, company’s banking head confirms
Ripple is preparing to partner with significant banks around the globe. It is to be noted that more than 100 banks around the world have actually currently embraced business’s xRapid as well as xCurrent attributes. The need for these rose because of its functions of rapid purchase and low charges. In a recent meeting pointed out by CryptoGlobalist, Marjan Delatinne, the Head of Financial in Ripple said that the firm was in conversation with many German financial institutions while they remained in Berlin.
https://www.academicblockchains.com/news/ripple-plans-partnership-with-many-banks-in-germany-companys-banking-head-confirms/896/

TOKYO — Japanese financial services group SBI Holdings and other Asian-based companies will invest a total of $51 million in Vietnam’s online marketplace Sendo Technology, seeking to tap the country’s booming e-commerce market.

The eight investors include Daiwa PI Partners, SoftBank Ventures Korea and Beenos, which operates cross-border e-commerce services in Japan. Investment companies from Hong Kong and elsewhere in Asia also are participating in what will be one of the largest funding rounds for a Vietnamese startup. Their individual investments have not been made public.
https://asia.nikkei.com/Business/Business-Deals/Vietnam-e-commerce-leader-draws-51m-pan-Asian-investment

Sendo Online Market Place
https://www.sendo.vn/

High Cost of Remittance
https://www.moneyandbanking.com/commentary/2018/2/18/the-stubbornly-high-cost-of-remittances

Mckinsey report on payments
https://www.mckinsey.com/~/media/McKinsey/Industries/Financial%20Services/Our%20Insights/Rethinking%20correspondent%20banking/Rethinking-correspondent-banking.ashx

Which Country Sends the Most Remittances
https://www.statista.com/chart/3737/which-country-sends-the-most-remittances/

China Currency Only 25% Of Nation’s Cross-Border Trade
https://www.forbes.com/sites/kenrapoza/2015/01/20/china-currency-only-25-of-nations-cross-border-trader/#513876b1be73