KCN: 22 seconds to get money
Channel: KCN News
Date: 2020-04-15

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Azimo - online remittance service and Siam Commercial bank (SCB), one of Thailand’s leading universal banks, launch instant cross-border payments from Europe to Thailand using RippleNet, the global payment network Ripple. According to Ripple, сonnections like this help solve the challenges of expensive and unreliable global payments. Before, remittances from Europe into Thailand averaged more than one business day to settle. RippleNet will reduce the time to receive a money transfer on average from 24 hours to 22 seconds. Stay on top of the latest developments from the world of blockchain with us! See you soon.
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Info: https://ripple.com/insights/azimo-and-scb-runs-on-ripple-for-instant-payments-into-thailand/