SCB uses Multi-Hop feature of RippleNet

SCB uses Multi-Hop feature of RippleNet

Thailand’s Siam Commercial Bank (SCB) is reportedly the first to use the ‘multi-hop’ feature on RippleNet. The RippleNet is aimed at real-time payment settlements. It would assist the lender to make payments on behalf of other banks on the network. The feature would support the bank to make settlements without exchanging currencies several times or incurring fees.

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