BAY (Bank of Ayudhya) Introduces Blockchain-based Cross-border Funds Transfers

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Recently, Bank of Ayudhya (BAY) has disclosed a solution based on blockchain to transfer funds between Thailand and Laos. The introduction of cross-border trade and funds transfer helps in minimizing transaction time. The Bank of Thailand has approved the BAY for developing the blockchain technology between Thailand and Laos. The Krungsri Blockchain Interledger enables the …

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