One of South Korea’s largest remittance service firms has joined Ripple’s network of institutional payment providers in a bid to hasten payments between the country and Thailand.
Global Money Express Co. Ltd (GME Remittance) has linked with Thailand’s largest bank by market capital, Siam Commercial Bank, through the use of RippleNet, according to a blog post on Tuesday.
Ripple is focusing on Asia, which the company has said is its fastest growing region with transactions growing 130% year-over-year.
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