Ripple-Based Blockchain Remittance Service
Coinone subsidiary Coinone Transfer has introduced Cross, South Korea’s first blockchain-based remittance app and web service, using enterprise blockchain technology created by Ripple.
Cross gives people in Thailand and the Philippines access to faster and cheaper payment services.
Coinone Transfer utilized RippleNet and connections with the Siam Commercial Bank (Thailand) and Cebuana Lhuillier (Philippines) to release the service. Plans are to launch an aggressive regional expansion in the upcoming months.
Ripple claims that its advanced blockchain technology sets Cross apart from other South Korean remittance options since it does “not rely on traditional banking rails.”
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Source : mr.Kevin O'Brien on https://www.ccn.com/south-korean-crypto-exchange-launches-ripple-based-blockchain-remittance-service/amp/