U.S. Markets closed

3rd-Biggest Thai Bank Teases Tantalizing News for Ripple (XRP) Bulls

Benjamin Vitáris
Will Ripple (XRP) soon be in use at one of Thailand's largest banks? One tweet gave the bulls plenty of reasons to believe it will. | Source: Shutterstock

By CCN: Siam Commercial Bank, Thailand’s third-largest financial institution, quietly teased some tantalizing news that should kick the Ripple (XRP) rumor mill into high gear.

SCB Thailand Taps Ripple for Blockchain Payments

Already, SCB Thailand launched a blockchain platform that uses the Ripple company’s xCurrent system to facilitate cheaper cross-border money transfers.

Now, the Thai financial institution also hinted that there would be a further announcement about SCB using XRP directly via the xRapid payment system.


Major Thai Bank Could Integrate Ripple Cryptocurrency

Last week, a sharp-sighted Twitter user spotted an update to the bank’s SCB Easy app in the App Store stating that users are now able to send funds abroad “at the cheapest rates via Ripple.”


On May 22, the bank confirmed that they are using blockchain technology for payment transactions via Ripple, but not with the XRP cryptocurrency – yet.

Read the full story on CCN.com.