Vote for Cryptopolitan on Binance Square Creator Awards 2024. Click here to support our content!

Siam Bank will not be using XRP for its operations in the future?

SCB partner XRPSCB partner XRP
16051

Contents

Share link:

In this post:

The sheer number of tweets regarding Ripple have plagued the social media platform for quite a while now. The tweets were mostly referring to the implementation of XRP in the world’s largest banks across numerous countries.

One such bank was supposed to be Siam Bank in Thailand, but they denied their participation in the blockchain system and mentioned that such a feature was never in development.

This came in as a big surprise to the XRP community, simply because the bank had already teased its involvement with XRP in the future, through a tweet they published on January 5th.

Some traders are now saying that the bank is not competent enough to manage its Twitter account, therefore it’s not competent enough to manage something as serious as a blockchain platform. Many are saying that it’s simply a method to adhere to the non-disclosure agreements in the future.

Read Also  EDCON, Ethereum Foundation newest 2023 conference didn’t go quite as expected: an insider's aftertaste

What’s most likely though, is the fact that the social media manager at the time, that denied the bank’s involvement in the blockchain industry, was simply unaware of the partnership overall. It’s not like the higher-ups delegate this information to the employees, so it’s understandable.

The bank has then tried to calm down the community as much as possible, reassuring the fact that the official partnership is well on its way. And it’s believable, simply due to the fact that the trial transaction has already been made and all the arrangements are prepared.

There is absolutely no reason for the bank to back down now.

All in all, most agree that it was a simple misunderstanding and that the issue has been resolved.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Editor's choice

Loading Editor's Choice articles...

Stay on top of crypto news, get daily updates in your inbox

Most read

Loading Most Read articles...
Subscribe to CryptoPolitan