Express

Thai Remittance Platform Starts Processing Ripple Payments

Ramsey Baker

Summary: A remittance platform based in Bangkok has become Thailand’s first non-banking institution to utilize Ripple’s blockchain technology in order to process international payments. According to a post from Ripple on Wednesday, DeeMoney is now using RippleNet to process transactions in a move designed to cut costs. DeeMoney, which was launched in 2018, provides same-day settlement ...

A remittance platform based in Bangkok has become Thailand’s first non-banking institution to utilize Ripple’s blockchain technology in order to process international payments.

According to a post from Ripple on Wednesday, DeeMoney is now using RippleNet to process transactions in a move designed to cut costs.

DeeMoney, which was launched in 2018, provides same-day settlement services for Thai bank accounts. The company began using RippleNet to increase the efficiency of transactions coming into the country, according to CEO Aswin Phlaphongphanich.

By Ramsey Baker

Last Update:

Tags: ,,,,
Link: Thai Remittance Platform Starts Processing Ripple Payments   [Copy]
Next:

Related Articles

  • Bitcoin DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 7 days ago
  • Is the Crypto Bull Market Over? 8 days ago
  • EIGEN Airdrop: The Evolution of Ethereum 9 days ago
  • The Endgame of Layer 2s, Explained 12 days ago
  • The Bitcoin Halving is Complete! What’s Next? 19 days ago

    • You need to login to comment.