CandleFocus Ripple’s SCB Enhances International Transfers with Thunes Partnership
2024-10-02
Author: Content Editor
Siam Commercial Bank (SCB), a Ripple partner, has partnered with Thunes to enhance the international remittance capabilities of its SCB Easy app. With this partnership, SCB customers can now send money to 26 countries in 17 different currencies, ensuring quick and affordable transfers free from hidden fees. Thunes, although not confirmed as a Ripple partner, is connected to various Ripple-powered payment channels. This alliance allows SCB users to access cross-border financial activities and expands the possibilities accessible for consumers. SCB's use of RippleNet for cross-border payments guarantees quick and secure transactions, giving them a competitive edge in the digital payment market. Additionally, Ripple has made changes to its Vault and Lending Protocol to streamline asset management on the XRP Ledger, and SBI Holdings, another Ripple partner, is exploring the integration of tokenized bank deposits with digital currencies issued by central banks.
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