*LuLu Exchange, XRPL Casino Coin, Siam Commercial Bank \u0026 Stellar* | siam commercial bank exchange

*LuLu Exchange, XRPL Casino Coin, Siam Commercial Bank \u0026 Stellar*


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LuLu Exchange, XRPL Casino Coin, Siam Commercial Bank \u0026 Stellar
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https://medium.com/thecapital/uaebasedluluexchangehasannounceditspartnershipwithrippleneta96e37c68002
https://coinmarketcap.com/headlines/news/xrplforkcasinocoinledgerabandonedbyitsflagshipprojecthereswhy/
https://www.fxstreet.com/cryptocurrencies/news/xrppriceunderperformscryptomarketbuttechnicalsreveals75breakoutintheworks202103011939
https://stellarupdate.com/siamcommercialbanktousestellarblockchainforcrossborderremittances1182/:~:text=Siam%20Commercial%20Bank%20to%20use%20Stellar%20blockchain%20for%20cross%20border%20remittances,News%20February%2028\u0026text=Siam%20Commercial%20Bank%20(SCB)%20is,network%20to%20settle%20its%20transactions.
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*LuLu Exchange, XRPL Casino Coin, Siam Commercial Bank \u0026 Stellar*

SIAM COMMERCIAL BANK : FISH FLOP


SIAM COMMERCIAL BANK : FISH FLOP

Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub


Thailand’s oldest bank plans to become the majority shareholder of one the largest crypto exchanges in the country after a $536.7million purchase. According to a Tuesday announcement, Siam Commercial Bank’s SCB X Group is expected to buy a 51% stake in Thailandbased crypto exchange Bitkub for 17.85 billion baht (roughly $536.7 million) by the second quarter of 2022. The exchange said the deal is subject to approval from the Thai Securities and Exchange Commission, or SEC, and the country’s central bank. Arthit Nanthawittaya, CEO of Siam Commercial Bank, said the acquisition was based on the growth of businesses in the digital asset space over the last two years and the expected value in the long term. The company hinted at aiming to strengthen and grow the digital asset ecosystem in Thailand.“Bitkub has reached the point where we have become an important structure in Thailand’s future economy,” said Jirayut Srupsrisopa, founder and CEO of Bitkub. “Bitkub is no longer just a startup. It is becoming necessary infrastructure for the financial industry 3.0 in Thailand.”Bitkub is one of the few crypto exchanges in Thailand operating with the approval of the country’s SEC. After releasing revised crypto regulations in November 2020, the financial regulator ordered the exchange to suspend services and fix issues regarding outages during periods of high demand. According to data from CoinMarketCap, the exchange had more than $274 million in trading volume in the last 24 hours. Related: Upbit launches in Thailand just days after regulators suspended BitkubRegulators in Thailand have issued a number of guidelines for individual crypto traders and businesses. In June, SEC officials issued a notice that Thai exchanges were banned from handling memebased tokens, fanbased tokens, nonfungible tokens (NFTs) and exchangeissued tokens. The regulatory body also proposed a set of guidelines in August related to the custody of investors’ cryptocurrency holdings held by digital asset business operators.

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All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/siamcommercialbankpurchases51stakeincryptoexchangebitkub

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Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub

Ripple News: Siam Commercial Bank (SCB) Easy App Uses RippleNet to Transfer Money Abroad


Need a better way to handle global remittances? Arthit Sriumporn, SVB of Commercial Banking for Siam Commercial Bank (SCB) shares how Ripple and blockchain technology helped revolutionize how SCB manages the global remittance market. Previously customers would have had to visit a local branch, fill out multiple forms, and wait days for the international payment to clear. Now, the customer experiences \”peace of mind\” for fast, reliable, lowercost payments.
SCB is now partnering with Ripple for its latest innovation: \”Easy App.\” SCB’s Easy App is a QR codebased app that will allow tourists visiting Thailand to pay for goods and services without needing to change currencies beforehand an efficiency over traditional Thai money transfer and exchange services.
As the first and largest bank in Thailand, Siam Commercial Bank (SCB) has led a digital banking transformation that has resulted in the country ranking first for global mobile banking users.
RippleNet is helping SCB create connections with banking partners around the world and serve the region’s valuable migrant worker market. SCB customers can send money to Thailand for family and friends back home at a much lower cost. The transaction is completed instantly, instead of the usual threetofiveday wait.

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Ripple News: Siam Commercial Bank (SCB) Easy App Uses RippleNet to Transfer Money Abroad

Ripple/XRP Siam Commercial Bank Makes a Major Move With Ripplenet Park Bitkub Exchange!!


Ripple/XRP Siam Commercial Bank Makes a Major Move With Ripplenet Park Bitkub Exchange!!
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Ripple/XRP Siam Commercial Bank Makes a Major Move With Ripplenet Park Bitkub Exchange!!

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