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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http://www.scoop.it/t/21st-century-learning-and-teaching/?&tag=blockchain
Learn more / En savoir plus / Mehr erfahren:
http://www.scoop.it/t/21st-century-learning-and-teaching/?&tag=blockchain