Crypto-Follow logo Crypto-Follow logo
Cryptopolitan 2020-01-09 06:41:32

Thai bank launches Ripple-driven instant payment app

Thailand’s longest-running and largest mainstream bank Siam Commercial Bank (SCB) rolls out an instant payment app powered by Ripple, as per Ripple’s official blog post dated 8th Jan 2020. Ripple’s never-seen-before technology has garnered immense attention from banks all over the world, quickly making it a go-to network for facilitating super fast international remittances. Vietnamese bank, Tien Phong Commercial Bank (TPBank) embraced Ripple’s DLT-based remittance network, RippleNet, to explore the enterprise-grade blockchain payments network in November last year. Moreover, in October, India’s leading commercial bank, Federal Bank, also vouched for Ripple’s ability to revolutionize the payments industry and integrated it

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer