According to the website of the bank (Google translated from the original Japanese):
"We are pleased to announce that...we will gradually start providing international remittance services using the crypto asset XRP to bank accounts in the Philippines, Vietnam, and Indonesia starting this month."
This was from two months. This seems like the first real example of XRP's theoretical use case actually being manifested. Isn't this the exact type of institutional adoption the XRP believers are waiting for?
I'm wondering if something is getting lost in translation here. Does this system currently exist? Does it actually use the same XRP token that we're buying... or just the XRP ledger or some other Ripple technology?
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