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https://u.today/major-ripplenet-partner-obtains-bank-of-thailand-approval

 

Major RippleNet Partner Obtains Bank of Thailand Approval

Thu, 15/07/2021 - 15:51
Ripple's instruments will be utilized by Siam Commercial Bank in 12 countries
One of the largest private banks in Southeast Asia, Siam Commercial Bank has obtained a license for its operations with RippleNet digital payments processor. SCB leaves sandbox with RippleNet According to information shared by XRP community activist Crypto Eri (@sentosumosaba), Thailand-headquartered Siam Commercial Bank now has all of its operations authorized by Bank of Thailand.


Read more on U.Today https://u.today/major-ripplenet-partner-obtains-bank-of-thailand-approval

 

https://x.com/sentosumosaba/status/1415674912740573195?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1415674912740573195|twgr^032d4b1f0dc0ddccde6f3dc1145d63d6143b5d49|twcon^s1_&ref_url=https%3A%2F%2Fu.today%2Fmajor-ripplenet-partner-obtains-bank-of-thailand-approval

 

 

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https://finance.yahoo.com/news/thailand-largest-commercial-bank-retracts-122700871.html

 

Thailand’s Largest Commercial Bank Retracts Tweet Indicating …

Jun 7, 2019 · 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 …

 

LOL....to late dudes....cats out of the bag🤣🤣

 

now the big question is when Iraq goes digital what will the rate be? in MHO they will want the cash in for interbank transfers and to boost liquidity and go digital using xrp to setting cross border transactions.

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https://www.ledgerinsights.com/tpbank-vietnam-ripple-payments-network/

Today, Vietnamese TPBank announced that it has joined RippleNet for blockchain cross-border payments. Using the technology, the bank hopes to speed up remittances from a few hours to a few minutes. It is first focusing on transfers between Vietnam and Japan.

TPBank, short for Tien Phong Commercial Joint Stock Bank, became one of Vietnam’s top 10 banks in 2017 with assets of over $5.3 billion. It focuses on digital transformation and e-banking, and has a money transfer app which allows customers to send funds with a QR code.

Today’s announcement is another step in the right direction for the bank’s digitization goals. Ripple has merged its xCurrent and xRapid solutions into RippleNet. The former is a messaging system for payments, while the latter is an XRP-powered liquidity offering. Though unconfirmed, TPBank is most probably using xCurrent as a faster alternative to SWIFT’s protocol.

Ripple’s solution allows for nearly instant international transfers which are legally compliant. As TPBank explained: “ [By] joining RippleNet, remittance transactions from abroad to TPBank will be faster, while ensuring safety and transparency, cash flows will still be legally transferred via foreign banks to Vietnam, … [and will] ensure compliance with the regulations on foreign exchange management as well as the prevention of money laundering.”

TPBank’s CEO, Nguyen Hung, spoke to Vietnam Insider earlier this year, revealing its partnership with SBI for blockchain payments. SBI is an investor in Ripple and owns 60% of the joint venture SBI Ripple Asia. So he was likely referring to the joint company.

First rolling out blockchain payments for Japan and Vietnam, the bank plans to expand to South Korea. It joins leading banks including PNC and Santander, which also use the xCurrent payment solution, along with transfer firms Ria and MoneyGram.

In the last two months, Ripple has partnered with Faysal Bank, completed an acquihire of payments startup Logos, and joined with leading tech provider Finastra. With Finastra, which works with 90 of the 100 largest banks, Ripple could significantly increase RippleNet adoption.

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https://www.orissa-international.com/business-news/vietnams-major-bank-ocb-joins-ripplenet-to-enhance-cross-border-payments/

 

Vietnam’s Major Bank OCB Joins RippleNet to Enhance Cross-Border Payments

Nov 2020

Block-chain.jpg
Vietnam | ICT

Orient Commercial Joint Stock Bank (OCB), a major Vietnamese bank with assets worth USD 4.6 billion, has recently joined RippleNet, a network of institutional payment-providers, as a strategic partner after 10 months of preparation. The partnership will enable OCB to leverage RippleNet‘s blockchain technology and, at the same time, help the blockchain payments platform to expand in the growing Asian market. With this partnership, OCB has become the second bank in Vietnam to join hands with RippleNet, after TPBank did so in 2019.

Headquartered in Ho Chi Minh City, OCB boasts a network of more than 130 branches across Vietnam. Its clients range from small and medium businesses to retail. RippleNet network’s consists of over 200 financial institutions worldwide that facilitate payout capabilities in more than 40 currencies.

According to Mr. Phong Nguyen, Head of Fintech and Project Management at OCB, Ripple’s technology will cut down the expense and fees involved in remittances and cross-border payments while also boosting productivity and transparency.

(Sources: Blockchain Asset Review; AMBCrypto; AZ Coin News)

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Those of you that want to or are thinking about buying some XRP, IMHO you have about 2 weeks to 3 months before the price changes significantly. Things are working in the background for crypto especially XRP. Make sure you have a good supply of popcorn, because this is about to get real and FUN!!

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  • 2 weeks later...
On 3/23/2025 at 11:22 PM, md11fr8dawg said:

Those of you that want to or are thinking about buying some XRP, IMHO you have about 2 weeks to 3 months before the price changes significantly. Things are working in the background for crypto especially XRP. Make sure you have a good supply of popcorn, because this is about to get real and FUN!!

telcoin mate!

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On 3/23/2025 at 9:52 AM, md11fr8dawg said:

Those of you that want to or are thinking about buying some XRP, IMHO you have about 2 weeks to 3 months before the price changes significantly. Things are working in the background for crypto especially XRP. Make sure you have a good supply of popcorn, because this is about to get real and FUN!!

RIPPLE's acquisition of HIDDEN ROAD for 1.2 Billion is estimated to move over 3 TRILLION dollars over the XRP ledger! XRP is used to settle those transactions. With that and 18 ETF's submitted to the SEC for approval, (we're waiting on BLACKROCK too), that would be 19! XRP's potential is immense!

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this crypto stuff you just don't know. some move so slow, some fast. with xrp, we all know it was never intended for retail investors so I wonder who will buy ours once it does, if ever, explode.

as far as shib, I held it for 3 years before I sold. didn't see it ever even hitting a penney. mistake? maybe. I held 300 million before i sold and bought more xrp.

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2 hours ago, markb57 said:

this crypto stuff you just don't know. some move so slow, some fast. with xrp, we all know it was never intended for retail investors so I wonder who will buy ours once it does, if ever, explode.

as far as shib, I held it for 3 years before I sold. didn't see it ever even hitting a penney. mistake? maybe. I held 300 million before i sold and bought more xrp.

we all sell but things coming for shib....

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On 4/18/2025 at 4:28 AM, md11fr8dawg said:

so are you saying you have a coin screwball??

Yes mate I do developed on the solana network…I have developed tokenomics model and working on white paper and polices….I have logo developed but looking at variations to be used in style guide….if you PM America I will give you my email address and we can talk then…there’s lot to do…I think it will generate huge interest when I launch it but there’s a number of smart contracts that need to be written as well as website and UI for the coin and eco system! 

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