In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border funds transfer from South Korea to Thailand. Before […]
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Blockchain technology startups remain a hot commodity. Especially now that China and other nations plan to fully embrace this innovative technology. Lightnet, a blockchain startup based in Thailand, recently completed a major funding round. A Major Success for Lightnet In the end, the outfit will pocket $31.2 million from a round led by United Overseas Bank. Other crucial investors include HashKey Capital, Signu Capital, and Seven Bank. Lightnet envisions a world where the entire remittance market will be powered by blockchain technology. This approach will provide more viable solutions to the unbanked migrant workers in Southeast Asian markets. More specifically,