Several banks in Asia have successfully conducted a pilot test for the real time international remittance from Thailand to Singapore using the blockchain Interledger of Bank of Ayudhya Public Company Ltd, known as Krungsri.The pilot was a joint effort with MUFG Bank, Mitsubishi Corporation, and Standard Chartered Bank Singapore, under the Bank of Thailand’s regulatory sandbox guidelines, according to Krungsri’s announcement. In the test, the Thailand-based Mitsubishi subsidiary sent money from its Krungsri account to Standard Chartered account of the Singapore-based …

MUFG, Standard Chartered Conduct Pilot Fund Transfer With Thai Bank Blockchain Technology appeared first on China Money Network.


Visit the original source and full text: China Money Network