Siam Commercial Bank Of Thailand To Use Ripple For Cross-border Payments With Easy Pay App

Siam Commercial Bank of Thailand uses Ripple for cross-border payments with the Easy Pay application. That has been confirmed in an update on its website. There has been speculation about this news for several months. Now there is finally clarity. They also provide a complete description of how the technology is used and implemented.

The application allows SBC Thailand customers to easily send money to countries such as the United States, United Kingdom, Germany, France, Italy, Spain and Singapore. Payments to the United Kingdom and Singapore are even made in real time. The SBC has been around for over 100 years and is the third largest bank in Thailand.

A few months ago, the SBC announced that they would use Ripple. At that time, xRapid was named as the company’s technology. This is a payment system in which the XRP token plays an important role. However, today it was officially announced that it is xCurrent. There are no benefits for XRP holders.

This is a point of hate for many people who own XRP coins. xCurrent is just the system that banks can use to commit. Payments where XRP can be used are not included in this piece of technology. Therefore, this collaboration does not immediately lead to an additional demand for the currency. You can see it as a disappointment for fans who had high expectations of this collaboration.

The cooperation between the bank and Ripple goes back to 2016. The chief technology officer, Colin Dinn, says he believes that banks that are not going to use the blockchain technique will have a very difficult time.

We saw that it offers a solution in which the client is central. Offer something our customers want. It was not something that we as a bank wanted to promote. With Ripple we have found a way and a partner in which we can work very differently from what we are used to. We have ambition and we want to do things differently and change. We see that a bank will be less relevant for customers in the coming years.

Estonian Taxi Service’s New App Promises Better Price And Reliability

Compared to existing applications, the new application offers the customer an official taxi with a roof and a fixed rate. “While current market drivers include bottlenecks, queues and the like in the fare, Taxilink always gives the customer a price or reliability,” said Tõnu Uusmaa, a member of the Board of Directors of Tallink Taxi. Uusmaa said that all drivers ordered through the application are checked by background, have all the skills, permits and certificates required by law, and that the car itself is new and technically fit, meets European standards and is insured Like a taxi in traffic.

After downloading the application and accepting the terms of use, the customer can associate his credit card with it, so that all subsequent actions related to the payment will be completed automatically. Before you begin, you can get an idea of ​​the approximate cost and the time it takes to get to the taxi.

The price is calculated using a certified taximeter and is calculated at a rate per kilometer or per time, not at one time. WE RECOMMEND READING TECHNIQUE Do not buy a flagship phone! HEUREKA 94 Clean energy by 2025: significant milestone in the construction of the most complex machine in the world CAR Passat looks to the future The application lacks an algorithm of supply and demand coefficient, so all tariffs Reserved taxi rates are always calculated at the same price – No matter the time of day and time.

The nearest vehicle is always sent to the customer and the customer can control the movement of the vehicle in real time. The taxi has the right to move along the bus lanes and this guarantees the rapid movement of the taxi in case of congestion. The user can also book a taxi long before a meeting or an important event. So far, Tallink Takso and 24 taxis have used the taxofoni application, now it is being discarded and a new application is being introduced.

Tallink Takso carries more than 200 cars under the Tallink Takso, Tallink Taksobuss and Takso24 trademarks. The owners of AS Tallink Takso are AS Infortar and the AS Tallink Grupp shipping company.