The Philippines' Largest Bank Launches Cryptocurrency ATM! Ripple-based Payment Service Starts in Thailand
Finablr announces joining RippleNet
On February 11, two international remittance companies, UAE Exchange and Unimoni, announced that they would join RippleNet and commence payment services in Thailand.
Promoth Manghat, CEO of the parent company of the two firms, Finablr, commented as follows in the press release.
Finablr press release
The use of blockchain technology opens up enormous potential for more efficient, faster, and safer payments.
The launch of this service marks a milestone with very important meaning to our goal of enabling seamless service for our customers.
We also appreciate the support from our partner Ripple and Siam Commercial Bank.
On February 10, Finablr also announced its partnership with Siam Commercial Bank (a major Thai bank and another RippleNet member), confirming the collaboration.
Finablr intends to accelerate remittances overseas, and by partnering with Siam Commercial Bank, a path to sending to Thailand has been secured.
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