Siam Commercial Bank partners with Lightnet for stablecoin remittances

Siam Commercial Bank announced a strategic partnership with Lightnet on October 16, 2024.

Primary

Siam Commercial Bank

Counterparty

Lightnet

Date

October 16, 2024

Sub-sector

Crypto / Stablecoin

SCB integrates stablecoin services via Lightnet to enable 24/7 cross-border remittances with lower fees, expanding crypto payment adoption in emerging markets.

Primary company

Siam Commercial Bank

Counterparty

Lightnet

Amount

Not disclosed

Event date

October 16, 2024

Sub-sector

Crypto / Stablecoin

HQ

Not disclosed

Structure

Not disclosed

Source published

October 17, 2024

Publisher

EconoTimes

Source: econotimes.com