The nascent area of cryptocurrencies has been hunting significant mainstream adoption, particularly from financial institutions. Ripple, the indigenous firm of the third biggest cryptocurrency, was able to market its services and might offer payment solutions to the earliest Thai lender, Siam Commercial Bank [SCB].
The lender however, hasn’t confirmed whether it’d be using XRP. The Bank had advised its strategy towards blockchain engineering in a variety of industries along with the XRP community rejoiced after rumours of how XRP adoption surfaced. But, when a Twitter user requested about the lender utilizing XRP, SCB responded,
“We’ll be utilizing Blockchain Technology for ripple but as for XRP, you might need to wait for further announcement. ”
But, another Twitter user, @_bjb, jumped the gun when he saw the next on SCB,
SCB transports via Ripple. With that we’ve got mainstream adoption in Thailand. pic.twitter.com/n9QRt5Uq7X
— ₿ryan (@_bjb) May 18, 2019
The consumer then shared that if he moved to utilize the ceremony, he had been advised that the support will be accessible shortly. SCB Thailand apologized for the inconvenience through a conversation and educated all customers,
“The information regarding ripple move will be announced shortly, we’re sorry for the inconvenience. ”
The lender also said that in the present time, it had been using Ria Ripple transport for banks in Japan which consumers and crypto-enthusiasts might need to await an official statement.