Earlier this year Thailand’s exchange Bitkub announced a partnerships with Ripple to join RippleNet/ Bitkub is Thailand’s digital asset and cryptocurrency exchange platform that enable exchange services to individuals who intend to buy, sell, and store cryptocurrency. Currently, the company has 22 cryptocurrency trading pairs against Thai Baht. Bitkub has a valuation of 525 million baht and investment from Total Access Communication Plc, DTAC Accelerate and SEAx.
Today, we get news that Bitkub has started allowing people transfer money from Thailand to the UK. Transfers are just taking 30 seconds, fees are .05% – this is the power of ODL.
Bitkub makes public announcement moments ago. “One of the most exciting projects is Ripplenet Blockchain. This project allows Thai people to transfer – remit money from Thailand to the UK within 30 seconds. Fees are 0.05%” (They have #1 Market Share in Thailand Crypto) #XRP https://t.co/yIrt7s0yfN
— CryptoEri (@sentosumosaba) October 5, 2020
Here is a video from the CEO of Bitkub announcing this new way of moving money between Thailand and the UK.
— Topp Jirayut Srupsrisopa™ (@toppjirayut) October 5, 2020