“Ripple helped the banking institution to develop SCB Easy, an innovative app that allows customers to make seamless cross-border payments. During the latest SWELL conference, Ripple demonstrated a demo version of the new product and awed the audience by sending money to a bank account in just 40 seconds (something that seems out of reach for legacy money transfer solutions).... However, the collaboration between Ripple and SCB didn't stop there. They are also working on a solution for EMVCo QR payments which will allow making payments without exchanging money into a local fiat currency.”
Ripple continues to expand! Says it takes 40 seconds to get the funds into your actual account from a different fiat? Thats a neat trick. The first thing one does in a different country is change fiat in order to get around the country. There also working on a solution that that will allow making payments without exchanging money into local fiat? This is cutting edge and is why Ripple is impacting both the enterprise and consumer market.
"Imagine you are a tourist coming to Thailand, and you can use your home country mobile application to scan for payment and eliminate the need to exchange for local currency. You can use your mobile app, scan the QR payment and receive goods right away,” said Arthit Sriumporn, SCB’s SVP of Commercial Banking
This is going to level the playing field....in the future there will be no more need for currency exchanges. XRP will be the standard.
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