CoinVoice has recently learned that Siam Commercial Bank (SCB), a long-standing Thai bank, announced that it will cooperate with financial technology company Lightnet to provide customers with stablecoin cross-border payment and remittance services. The service enables customers to conduct cross-border transactions 24 hours a day, 7 days a week and significantly reduces transaction costs.
It is reported that the service has passed the regulatory sandbox test of the Bank of Thailand. [Original link]
