BUSINESS

Krungsri Blockchain’s Interledger transforms Thailand’s financial landscape

Published on 30/10/2017

» The financial services landscape has seen a major transformation as Krungsri (Bank of Ayudhya PCL) and IRPC (IRPC Public Company Limited) jointly announced the successful deployment of Krungsri Blockchain’s Interledger, marking Thailand’s first real-time international funds transfer for oil trading transactions between IRPC and its foreign business partners under the regulatory sandbox framework of the Bank of Thailand. The Krungsri Blockchain’s Interledger enables funds transfer across countries to be completed in a matter of seconds rather than one to three business days as usual.