The new feature is called the Outward Remittance Service and is available on the bank’s SCB Easy App. In a recent announcement, Ripple says the app is fast and will easily handle international transactions for SCB’s 16 million customers. The app will, however, not use XRP.
SCB hopes to expand the feature to other countries including France, Italy, Germany, the USA, Singapore, Austria, Netherlands, Portugal, Belgium, and Ireland. The plan is also for the app to support multiple currencies including GBP, SGD, USD, and EUR.