Mark Mason
Well-known member
Ripple to Enable 2-5 Second Japan-Thailand Bank Transfers, Gateways to Integrate Dash - Dash Force News
Ripple has launched nearly-instant remittance bank transfers between Japan and Thailand as the Dash network prepares to also leverage its technology.
The SBI Remit bank of Japan, in collaboration with the Siam Commercial Bank, launched a payment channel on the Ripple network to facilitate the transfer of remittances between the two countries. Japan retains a number of Thai immigrants seeking to send funds home to their families, and the new payment channel will drastically reduce the time and costs associated with these transfers. The establishment of this new Ripple payment rail, the first of its kind to leverage blockchain technology between the banks, will allow users to transfer funds from their account to the recipient’s account in under 5 seconds.
Dash network funded integration into two separate Ripple gateways
The SBI Remit bank of Japan, in collaboration with the Siam Commercial Bank, launched a payment channel on the Ripple network to facilitate the transfer of remittances between the two countries. Japan retains a number of Thai immigrants seeking to send funds home to their families, and the new payment channel will drastically reduce the time and costs associated with these transfers. The establishment of this new Ripple payment rail, the first of its kind to leverage blockchain technology between the banks, will allow users to transfer funds from their account to the recipient’s account in under 5 seconds.
Dash network funded integration into two separate Ripple gateways
