RATE Group | Crypto Giant Ripple Bagged This Massive Partnership
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Crypto Giant Ripple Bagged This Massive Partnership

09 Jan Crypto Giant Ripple Bagged This Massive Partnership

Posted at 22:21h in Ethereum News by

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Bitcoin and other cryptocurrencies have had a great start to 2020. And according to a recent announcement, Ripple is starting off the new year with a bang too.

Ripple Joins Hands With Thailand’s Oldest Bank

Per a blog post published by Ripple Labs — a crypto-centric fintech company known for its affiliation with the XRP digital asset — the company has just partnered with Siam Commercial Bank (SCB), Thailand’s oldest banks at over 100 years old, to “change the lives of their over 16 million customers.”

This partnership will see the two entities create SCB Easy, a “mobile application that runs on Ripple to deliver instant, low-cost cross-border payments.”

While exact details about the application are seemingly still up in the air, a demo of the Ripple-based application shown late last year showed that payments could be made within a minute (40 seconds, to be exact) and at low cost.

On the stage of Swell, an event focused on fintech…

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