Ripple is looking to expand its presence in Asia, forming a new partnership with Siam Commercial Bank. The latter will reportedly develop a new type of mobile application for faster and cheaper cross-border payments, running on Ripple.
The company has already collaborated with Thai Siam Commercial Bank (SCB) to produce a mobile application that promotes cross-border payments immediately. Ripple SVP of consumer success Marcus Treacher stated that Thailand is enduring a digital banking revolution. He replied that by becoming the first non-bank institution to utilize RippleNet in Thailand, DeeMoney is supporting to redraw the boundaries of the world of finance. 1e1e36bf2d