Ripple launches first blockchain-powered payment service between Japan and Thailand | 21st Century Innovative Technologies and Developments as also discoveries, curiosity ( insolite)... | Scoop.it
Siam Commercial Bank (SCB), in collaboration with Japan's SBI Remit, is using Ripple's blockchain enterprise solution to power real-time remittance payments between Japan and Thailand - a first for the corridor.

Approximately 40,000 Thai nationals currently live in Japan and total remittance flows from Japan to Thailand are roughly $250m a year. The rollout of this new service begins today, and supports individual funds transfers from JPY in Japan to THB in SCB savings accounts in Thailand.

 

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