Siam Commercial Bank (SCB), Thailand’s largest commercial bank, has denied it plans to start using Ripple’s XRP token, contrary to earlier indications. The bank’s denial was communicated in a tweet published on June 7.
The bank’s denial was prompted by an earlier post on social media dated June 5, when the bank’s official Twitter handle had responded to a user’s question regarding XRP and revealed ostensible plans to announce details of an unspecified “XRP system […] soon.”
With the June 5 tweet having since been deleted, SCB today has firmly stated that:
“We are so sorry for the previous information of the [...]
The Brazil-based payment company BeeTech Global is allowing users to send and receive payments in a faster and cheaper way than with traditional companies. In order to do so, the firm leverages Ripple’s technology making the whole remittance process more efficient.BeeTech Global Enhances The Remittance Market
There are different services available for individuals that want to process cross-border payments. One of the most popular companies offering these solutions is Western Union. However, this company is using a technology that makes transactions slow and very [...]
Two of the largest economies in the Middle East, Saudi Arabia and the United Arab Emirates, are piloting a shared central bank-issued digital currency (CBDC) dubbed Aber. The initiative is aimed at facilitating seamless and cost-effective transactions between the two nations. Does the new money campaign bode a threat to the business strategy of Ripple?
Also read: South Korean Financial Regulator Stands Firm on ICO Ban
Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & expertsPiloting a Shared Cryptocurrency, Central Bank Style
Last month, the Saudi Arabian Monetary Authority and United Arab [...]
Interesting stuff ahead as far as cryptocurrency trading and investment is concerned. We must admit that Binance is making huge strides as a far as making coins accessible to enthusiasts from all over the world.
Slowly but surely, they are competing with exchanges like CoinBase despite being formed years later. It surely has the cutting edge. Aside from being a project launching platform via Binance Launchpad, they have the volumes meaning they are liquid above CoinBase and the likes.
Now, they are taking this step further, allowing investors to buy limited coins including BTC and XRP using fiat after partnering with [...]