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,
The post Stellar-based Startup Lightnet Raises $31.2 Million in Funding appeared first on The Merkle Hash.
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