SCB 10X unveils Thailand’s first purpose-bound money initiative

Quick Summary:

BANGKOK, THAILAND – November 11, 2024 – SCB 10X, the disruptive technology investment and innovation arm of SCBX Group, in collaboration with SCB, Innovest X, Fireblocks, Elliptic, Circle and Base, announced the launch of Rubie Wallet.

This digital wallet showcases how purpose-bound money (PBM) can  facilitate a seamless closed-loop QR payments experience.

Rubie Wallet is developed and operated under the regulatory sandbox framework and conditions prescribed by the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC).

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Article Details

Author / Journalist: Supaluk Panichkul

Category: StartupsTechnology

Markets: SingaporeThailand

Topics: Circle Fireblocks Innovest x SCB 10X Blockchain Elliptic Base Press Release Siam Commercial Bank (SCB) Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 01:12:01 (3 days ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 929 words

Reading Time: 6 minutes read

Sentences: 1 lines

Sentence Length: 929 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 23601377

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