Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

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© Reuters. Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments© Reuters. Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

Thailand’s fourth largest bank, Kasikornbank, has recently joined the blockchain-based Visa (NYSE:) B2B Connect program for cross-border payments, local newspaper The Nation reported Thursday, September 20.

According to The Nation, Kasikornbank is the “first” bank in the country to use the technology, setting the stage for a more widespread use of blockchain in the country’s banking sector.

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