Thailand's largest company PTTEP cooperates with Thailand's Huishang Bank to use Ripple blockchain technology for cross-border payment

Thailand's Bank of Communications (SCB) announced that it has partnered with Thailand's largest company, PTT Exploration and Production Co., Ltd. (PTTEP), to launch Ripple's blockchain technology solutions for cross-border payments. Phimonpha Santichok, senior vice president and CEO of SCB Commercial Bank Solutions, said that by signing this partnership, the bank first decided to use the system in the form of B2B.