Indian technology company Wipro is helping eight banks in Thailand develop solutions based on blockchain technology

Wipro, an Indian technology company, is developing a blockchain-based solution for eight banks in Thailand to achieve mutual settlement of payments through decentralized digital currencies. Wipro Vice President and Krishnakumar N Menon said: "Successful cases prove that the use of blockchain technology can significantly improve the efficiency of interbank payments." In April 2018, the Reserve Bank of India announced plans to issue digital currency (CBDC), while forcing A number of cryptocurrency exchanges operating in the country were closed, but after a three-month feasibility study, the plan was shelved.