Thailand’s oldest bank hints at new blockchain app powered by Ripple

Thailand‘s oldest bank, Siam Commerical Bank (SCM), has hinted it will be experimenting with blockchain technology powered by Ripple. Earlier this week, rumors of its blockchain pilot surfaced online after eagle-eyed users took to Twitter to share images of what appears to be a Ripple-based app for cross-border transactions. “Send money abroad today at the cheapest rates via Ripple,” reads a screenshot of the app, titled SCB Easy. SCB social media reps have since addressed speculators on Twitter, claiming that more details about the Ripple integration “will be announce [sic] soon.” Unfortunately for Ripple enthusiasts, although the Thai bank will… This story continues at The Next Web Thailand‘s oldest bank, Siam Commerical Bank (SCM), has hinted it will be experimenting with blockchain technology powered by Ripple. Earlier this week, rumors of its blockchain pilot surfaced online after eagle-eyed users took to Twitter to share images of what appears to be a Ripple-based app for cross-border transactions. “Send money abroad today at the cheapest rates via Ripple,” reads a screenshot of the app, titled SCB Easy. SCB social media reps have since addressed speculators on Twitter, claiming that more details about the Ripple integration “will be announce [sic] soon.” Unfortunately for Ripple enthusiasts, although the Thai bank will… This story continues at The Next Web