Thailand’s largest commercial bank and state oil company successful complete trial of blockchain-based payments. The project remains under development and the bank has managed to carry out payments in under 1 minute. Siam Commercial Bank (SCB), Thailand’s largest commercial bank and PTT Exploration, Production Public Company Limited (PTTEP), state oil companies, has recently completed successful testing of blockchain use for cross-border business-to-business payments. Siam announced to successful piloting via their website. The project under development has been in play since mid-2018, aiming to optimize operational efficiency. The bank detailed earlier this year, it managed to successfully carry out payments on blockchain within one minute. Wasin Saiyawan, SCB SEVP and chief wholesale banking officer spoke on the announcement: The service will be implemented in all CLMV and southeast Asian countries by this year, which will serve as a major milestone in the development of cross-border payment services. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple’s XRP Price Prediction: XRP/USD $0.3000 a lost cause – Confluence Detector FX Street 4 years Thailand's largest commercial bank and state oil company successful complete trial of blockchain-based payments. The project remains under development and the bank has managed to carry out payments in under 1 minute. Siam Commercial Bank (SCB), Thailand's largest commercial bank and PTT Exploration, Production Public Company Limited (PTTEP), state oil companies, has recently completed successful testing of blockchain use for cross-border business-to-business payments. Siam announced to successful piloting via their website. The project under development has been in play since mid-2018, aiming to optimize operational efficiency. The bank detailed earlier this year, it managed to successfully carry out payments… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
