Banking

Thailand’s largest commercial bank reverses its statement that it would use XRP “soon”

June 7, 2019, 7:20AM EDT

The Siam Commercial Bank (SCB), Thailand’s largest commercial bank, tweeted yesterday that it was planning to utilize XRP shortly. In a now-deleted tweet, SCB claimed that the “XRP system will be announced soon."

In a new tweet that was posted today, SCB said: "We are so sorry for the previous information of the previous post. As of now we have no plan on using XRP."

SCB has carried out Ripple’s cross-border transfers pilot in April. SCB was also the first financial institution to join RippleNet to test its “multi-hop” feature. 

Related Reading