SCB Launches Stablecoin Service for Cross-Border Payments in Thailand

Quick Summary:

In Thailand, Siam Commercial Bank (SCB) launched a new stablecoin service to streamline cross-border payments.

This move is a significant development in Thailand’s financial market, with SCB aiming to offer a more efficient and affordable solution for international money transfers.

SCB’s stablecoin service will facilitate cross-border transactions by eliminating the need for pre-funding between partners.[…]

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: IndiaThailand

Topics: News Market Cryptocurrency Stablecoin Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 16:00:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 125 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 3 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23106341

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 22 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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