Thailand Bank SCB Unveils New Stablecoin Remittance Solution

Quick Summary:

Siam Commercial Bank (SCB) has teamed up with SCB 10X to launch the first cross-border payment using stablecoins in Thailand.

The new solution, created together with Lightnet, is to provide a simple and fast cross-border payment solution using stablecoins and public blockchain.

This was warmly embraced during the public hearing and has opened new possibilities for financial innovation within Thailand’s digital asset market.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaThailand

Topics: Stablecoin News Stablecoin Thailand SEC 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 22:22:40 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23094496

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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