Siam Commercial Bank goes back on its word; says it has ‘no plan on using XRP’

2019-6-7 17:00

One of Thailand’s oldest banks, Siam Commercial Bank, made news after it previously hinted at the use of XRP token, via a tweet from their official Twitter handle. However, the tweet was deleted a few hours later, with the bank later issuing another statement which said that SCB will not be using XRP, as of now.

The tweet read,

“We are so sorry for the previous information of the previous post. As of now we have no plan on using XRP.”

There was a lot of confusion regarding the same, after users had questioned the bank if they were using XRP for cross-border payments. The bank had always replied vaguely, saying that they would inform users, if and when, they planned to use XRP. The vague-worded statement was followed up by a tweet, confirming the use of XRP.

Siam Commercial Bank is known to have ties with Ripple, since they’ve also conducted a pilot test on the use-case of XRP in cross-border payments. Apart from the bank, Ripple has already made massive progress when it comes to cross-border payments and partnerships with banks and financial institutions around the world.

Ripple has partnered with over 300 institutions, some of which include Japan’s SBI Holdings, which has shown massive interest in cryptocurrencies and blockchain technology to improve the payments system in Japan.

The price of XRP rose by approximately 9% over a few hours, after Siam Commercial Bank’s initial announcement. The rise in the price could also be attributed to the combined efforts of SCB’s announcement and the rumor surrounding Ripple and Money Gram.

The confusion regarding the use of XRP for cross-border payments mainly arises due to the lack of regulatory clarity around the same. This has caused a lot of institutions to shy away from using cryptocurrencies for cross-border payments.

A Twitter user, @fudcrusher, commented,

“This. I think somebody in their social media team is in trouble for spilling the beans early, and that this is a retraction.”

The post Siam Commercial Bank goes back on its word; says it has ‘no plan on using XRP’ appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0050425 (-100%)

xrp bank siam using commercial says goes

Источник: ambcrypto.com

xrp bank → Результатов: 126


Фото:

Японский банк поддержал подъем Ripple XRP

XRP является сегодня ведущей криптовалютой, если говорить о приросте рыночной капитализации. За последние 24 часа она выросла на 9% на фоне поступательного роста и других криптоактивов. Аналитики связывают это со сделкой по сотрудничеству, в рамках которой второй по величине банк...

2020-4-29 18:05


Euro Exim Bank Will Start Using XRP for Cross-border Payments in Q1 2019

XRP continues its successful path to mass adoption as the ultimate token for interbank transaction processing. After multiple tests and announcements by several banks and payment processors, Euro Exim Bank of London finally announced that it will use XRP and Ripple’s xRapid software in a matter of weeks and before the end of Q1 this […] The post Euro Exim Bank Will Start Using XRP for Cross-border Payments in Q1 2019 appeared first on Ethereum World News.

2019-1-13 09:48


Платежные блокчейн-системы и криптовалюты наступают на пятки SWIFT

Согласно недавним сообщениям Ripple, ее корпоративная платежная сеть RippleNet будет насчитывать 200 участников после того, как к ней присоединились 13 финансовых компаний. В числе новых пользователей названы JNFX, SendFriend, FTCS, Euro Exim Bank и другие.

2019-1-11 19:27


Фото:

Гендиректор Ripple заявил критикам, что банки перейдут на XRP. Компания привлекла уже 200 клиентов

Как сообщает CCN, 13 новых финансовых учреждений начали использовать блокчейн Риппла при помощи RippleNet. Благодаря этому общее число клиентов компании официально перевалило за две сотни. Финтех-приложения и банки вроде Euro Exim Bank, SendFriend и JNFX интегрировали RippleNet для поставки ликвидности...

2019-1-10 14:20


Фото:

London-Based Bank Endorses XRP as Ripple Announces New Customers

Ripple announced on January 8 the addition of 13 new financial institutions to the company’s much-talked-about blockchain remittance system, RippleNet. More than 200 Customers Now on RippleNet Namely, Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento become the latest organizations […] London-Based Bank Endorses XRP as Ripple Announces New Customers was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-9 17:29


Фото:

Euro Exim Bank Endorses XRP as Ripple Announces New Customers

Ripple announced on January 8 the addition of 13 new financial institutions to the company’s much-talked-about blockchain remittance system, RippleNet. More than 200 Customers Now on RippleNet Namely, Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento become the latest organizations […] Euro Exim Bank Endorses XRP as Ripple Announces New Customers was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-10 17:29


Euro Exim Bank будет проводить трансграничные платежи криптовалютой XRP

И как обычно, во главе всего стоит компания Ripple, которая заинтересовала Euro Exim Bank и ряд платежных компаний осуществлением платежей при помощи XRP. Теперь, после того, как Ripple предоставила банку возможность стать участником сети RippleNet, проблемы с медленными и высокозатратными переводами останутся в прошлом.

2019-1-10 17:28


Лондонский Euro Exim Bank готов использовать XRP для трансграничных платежей

Лондонский Euro Exim Bank стал первым лицензированным европейским банком, заявившим о намерении использовать криптовалюту Ripple (XRP) для проведения трансграничных платежей. Вместе с 12 другими кредитно-финансовым учреждениями, среди которых представлены сервисы денежных переводов SendFriend, Transpaygo, Pontual/USEND, JNFX, ConnectPay, WorldCom Finance, BFC Bahrain, FTCS, GMT, банк Ahli Bank of Kuwait и компания Olympia Trust Company он присоединился к сети RippleNet. […]

2019-1-9 11:50


XRP Community Gets Excited about Ripple’s Potential in The Federal Reserve’s ‘FedPayments’ System

In a recent tweet uploaded by Bank XRP, a popular XRP and Ripple supporter shared a few videos with representatives of different companies and agencies talking about the payment industry. In the first video, Dave Sapenaro, the First Vice President and COO of the Federal Reserve of St. Louis, said that there are hundreds of […]

2019-1-5 21:25


Nano Founder Blasts XRP Cryptocurrency Saying Ripple’s Too Centralized and Slow for Bank Use

Ripple has made waves in the past two years. Since their arrival on the scene three years ago, the Ripple company has experienced a lawsuit, massive gains, massive losses, and major acquisitions. Even the crypto winter of 2018 has apparently been busy for the company, with the organization’s leaders coming forward nearly every month with […]

2018-12-23 05:58


Newsflash: Prime example why EOS is centralized and not a blockchain while Ripple technology has a new interested party considering joining their network

Biggest Japanese bank to explore Ripple’s technology Ripple’s cross-border payment solutions, powered by the XRP cryptocurrency, have seemingly gotten another party interested to explore them. The party in question, MUFG Bank (and its subsidiary Banco MUFG Brasil S.

2018-11-11 13:39


Will Ethereum (ETH) Or Ripple (XRP) Cryptocurrency Services Ever Be Adopted By Banks?

There are several blockchain projects in the cryptocurrency market. Two of the most important ones are Ethereum (ETH) and Ripple, which uses the XRP virtual currency for some of its products. Ripple, represented by the XRP virtual currency, grew around 13% in the last days after rumors regarding a bank that wants to use Ripple’s […]

2018-11-8 13:21


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Thailand to block unauthorized crypto platforms to combat online crime

Thai authorities have decided to prohibit unauthorized cryptocurrency platforms in order to improve law enforcement’s efficiency in combating internet crime, as per an announcement made on April 19. Following a meeting of the Technology Crime Prevention and Suppression Committee, Thailand’s…

Thailand’s crypto exchange Bitkub eyes IPO in 2025

Thailand’s biggest crypto exchange Bitkub is hiring advisers to go public on the Stock Exchange of Thailand next year. Bitkub Capital Group Holdings, the owner of Thailand‘s largest crypto exchange by trading volume Bitkub, has started hiring advisors for its…

Binance and Gulf Energy to open crypto exchange in Thailand

Binance is set to publicly launch a crypto exchange in Thailand in early 2024 in partnership with the local energy powerhouse Gulf Energy Development. According to a filing with the Stock Exchange of Thailand on Nov. 15 by Gulf Energy,…

Thailand delays $15b crypto giveaway citing security concerns

According to Thailand’s Deputy Minister of Finance Julapun Amornvivat, the giveaway will not be launched on Feb. 1, as planned. Thailand will not launch the long-awaited “airdrop” on time as the government needs more time to develop “a safe system,”…