Cross-border payment: Ripple, Siam bank partner to launch app

Currency exchange and remittance network technology company, Ripple, looking to expand its presence in Asia has partnered with Siam Commercial Bank to create a mobile application powered by blockchain to deliver fast, cheap and instant cross border payment. The application to be developed by Ripple apart from delivering cheap and fast cross border payment will also enable QR (quick response) code for Siam Bank customers to enjoy remittance services alongside micropayment services. Ripple’s partnership with Siam bank was announced by Ripple in a blog post where it was revealed that the cross-border payment app dubbed SCB Easy was demoed in