Ripple partner SBI Holdings has confirmed its participation in Project Agora, a Bank for International Settlements (BIS) initiative exploring the integration of tokenized commercial bank deposits.
Project Agora aims to tackle existing inefficiencies in cross-border payments, making processes more transparent, faster, and cost-effective.
SBI Holdings' involvement in Project Agora strengthens Ripple's role in the future of digital finance and its growing influence in the global financial ecosystem.
Ripple's native cryptocurrency XRP has been trading around $0.60, with whales accumulating $228 million worth of XRP in the last ten days.