Financial settlement services platform Ripple announced a partnership that will boost its expansion into a region where it has seen lots of local interest and growth potential.
The San Francisco-based startup has teamed up with financial conglomerate SBI Holdings to form a new company called SBI Ripple Asia.
As a part of the joint venture, SBI Holdings will launch an engineering and business development team to sell and install Ripple’s cross-border payments solutions for banks across the Asia region.