Siam Bank Set to Increase Their Dependency On Ripple’s XRP For Cross Border Payments [VIDEO]

  • Siam Commercial Bank (SCB) is now expanding its use of Ripple’s cross-border payment solutions.
  • Even though people in Southeast Asia are very advanced smartphone users, when it’s time to pay, they don’t use their phones,” said Paul Arriyavat, the Chief Strategy Office at Siam Commercial Bank.
  • They became our co-partners in solving these pain points I just mentioned.
  • SBI Remit, in collaboration with Siam Commercial Bank (SCB), is using Ripple’s blockchain enterprise solution, xCurrent , to power real-time remittance payments between Japan and Thailand.

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