Thailand’s largest commercial bank prepares to integrate XRP cryptocurrency
Thailand’s Largest Commercial Bank Siam Commercial Bank (SCB) Confirms Its Plans To Integrate XRP Cryptocurrency In The Near Future.
When asked by a user about the timing of XRP’s addition on Twitter, SCB wrote: “The XRP system will be announced soon. Please continue to follow the official timetable on social media. “.
Previously, SCB has already mentioned XRP when communicating with users, without giving estimates of the timing of the cryptocurrency integration. In the past, the bank has successfully tested the Ripple system for cross-border payments, during which it was able to reduce the settlement time from a few days to a few minutes. Transfer between Japan and Thailand using Ripple’s XRapid system took less than 5 seconds for the bank.
Ripple, in turn, this week promised to improve the accuracy of reporting regarding XRP sales. The publication was a reaction to various recent reports about a significant distortion of data by players in the cryptocurrency space..
Ripple says, “As an industry, we can and should strive for the best.” At the same time, the company is currently not ready to provide a “concrete solution” to the problem. The change in Ripple’s policies is expected to have a direct impact on Q2 earnings, in which sales figures will significantly outperform Q1 figures..
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