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Blockchain Cryptocurrency Ripple Teams Up With Thai Remittance Payment Company DeeMoney

Sharing is caring!Enterprise blockchain payment solution Ripple has cut a deal with Thai fintech company  DeeMoney, who specialise in remittance payments, also known as cross-border payments.  Deemoney is now processing live transactions, using Ripple’s global financial platform – a  payments network which comprises more than 300 financial institutions worldwide. This

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Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney

Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia.As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers using the blockchain network along remittance corridors in the Middle East and Gulf Regions,

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Thai Stellar-Based Startup Lightnet Raises $31M to Replace SWIFT

Thai Stellar-based blockchain startup Lightnet has raised $31.2 million to boost cross-border payments in Southeast Asian countries.The Bangkok-headquartered firm has completed a Series A funding round led by major financial conglomerates in the region, Singaporean United Overseas Bank (UOB) and South Korea’s Hanwha Investment & Securities, Business Insider Malaysia

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Thai Bank Launches App For Instant Cross-Border Payments Powered By Ripple

Thailand’s oldest bank Siam Commercial Bank (SCB) has partnered with Ripple to create a mobile application powered by blockchain to deliver instant, low-cost cross-border payments. Per a Jan. 8 blog post from Ripple, the app — known as SCB Easy —  was demoed in December during Ripple’s annual customer event,

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Thai Police Arrest 24 Chinese Nationals for Alleged Bitcoin Scam

Thai immigration officials have arrested 24 Chinese nationals who were running an alleged cryptocurrency scam call center in the Rama III neighborhood of Bangkok.According to an official announcement on Dec. 2, the Immigration Bureau of the Royal Thai Police arrested 24 individuals, seized 61 laptops, 424 mobile phones and

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Thai Cryptocurrency Exchange Bitcoin Co. Ltd. Closing Down Operations

Thailand’s leading cryptocurrency exchange Bitcoin Co. Ltd. (BX.in.th) is closing down all of its trading operations.The exchange announced its decision to discontinue trading on Sept. 2. The official website of the exchange states:“Bitcoin Co. Ltd. has decided to discontinue offering digital exchange services and wallet services at our BX.in.th

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Thai Customs Department Plans to Use IBM’s Tradelens to Track Shipping

Thailand’s Customs Department intends to use IBM’s Tradelens blockchain solution to track shipping in Thai ports.According to an announcement published on Aug. 28 on the Thai Customs Department’s official website, the country plans to use Tradelens, a blockchain logistics system. Local news outlet Bangkok Post reported the next day

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Thai SEC Warns Public About New Crypto Scam Operating Overseas

Thailand’s securities regulator has warned the public about scam entities posing as legal digital currency trading firms operating overseas.Investor losses are not knownThe Thai Securities and Exchange Commission (SEC) has discovered a new crypto scam where investors are lured into operating with companies outside the country, local English-language news

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