Both Ripple and the digital asset XRP have had a great year so far, with the company bagging more partnerships and the coin witnessing increased adoption via multiple integrations (WooCommerce, Gmail, Microsoft Outlook and more).
Ripple has been making considerable efforts to promote the adoption of XRP, and the XRP army of fans is only waiting to see the many achievements that these two entities managed to have also mirrored in the price of XRP.
Speaking of XRP’s price, there have been more predictions which are claiming that the digital asset could surge to $1 by the end of this year.
Siam Commercial Bank hints at using XRP
Siam Commercial Bank is the largest bank in Thailand, and they might have just hinted at the fact that they’ll be using XRP, Investinblockchain reported.
In a tweet, they said that regarding this subject, users “will have to wait for further announcements.”
You can see their tweet below.
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
The Twitter community became impatient and started asking questions regarding how long they’ll have to wait for the announcement, but SCB did not offer further details.
We will wait. pic.twitter.com/0NXdvnV9Tj
— ?☠️Otto von Bismarck?☠️ (@OttoGunger) May 22, 2019
You may recall that back in April, SCB has conducted a trial for cross-border payments using Ripple’s tech.
The transaction time was reduced from 2 days to 1 minute which was indeed a massive achievement.
If the bank were to work with Ripple and use its solutions for cross-border transactions, this would be a massive boost for the company and also for XRP as well.
Brad Garlinghouse said banks love Ripple and XRP
During an interview with Recode Decode podcast, Brad Garlinghouse has addressed once more the will of the company to work with regulators and not against them.
Ripple’s solutions were created to embrace the demands of banks and financial institutions, notes NewsBTC.
Let’s wait and see whether SCB also loves XRP.
Vadim has been a fan of decentralized systems, blockchain technology, and cryptocurrency since he first bumped into these concepts back in 2011. For us, he will cover Bitcoin (BTC), cryptocurrency, and blockchain technology news.