Thailand’s biggest commercial back, SCB, kicked up a bit of a fuss when they replied to a question from a user on Twitter earlier this month.
The tweet, which has since been deleted, said that an ‘‘XRP system will be announced soon’’. As expected, XRP fans were all over this potential ‘leak’ but it seems it was a big misunderstanding, as moments later they replied to another users comment, with the following:
‘‘We are so sorry for the previous information of the previous post. As of now, we have no plan on using XRP.’’
If SCB were to introduce the integration of XRP, it would mean that cross border money transfers and settlements would be much quicker. However, with them taking back their original tweet, it does look doubtful it will happen.
Some people were quick to point out that the removal of the tweet may have been due to some legal agreements between Ripple and SCB. On May 22nd, Siam Commercial Bank tweeted saying that they will be ‘‘using Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement’’ and previous to this tweet, SCB trialled a cross-border payment using Ripple. Hope may not be lost for Thai XRP fans after all.
We will be using Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement.
— SCB Thailand (@scb_thailand) May 22, 2019
As well as the potential collaboration between XRP and the Siam Bank, the Thai government have formed Thailand Blockchain Community, an independent organisation which will be experimenting with blockchain tech to see how it can be integrated.
This Blockchain Community has 22 members, including people from the Thai Bankers’ Association as well as 7 state-owned enterprises.
Source: Crypto Daily