Malaysia's CIMB, Ripple Partner in Cross-Border Payments
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Malaysian lender CIMB Group Holdings Bhd. is signing on to the cross-border payments network run by blockchain technology firm Ripple, the two companies said Thursday.
Ripple’s technology will be used in CIMB’s SpeedSend remittance product, according to a joint press release. SpeedSend is available in various Southeast Asian markets, including the Philippines, Vietnam and Thailand, according to its website.