Thailand’s Bank of Ayudhya Pilots Cross-Border Transaction Using Its Own Blockchain
Bank of Ayudhya (Krungsri), Thailand’s fifth largest bank by total assets, successfully completed a cross-border payment pilot using blockchain technology.
Krungsri conducted the blockchain pilot with Japan’s Mitsubishi Corporation (MC), MUFG Bank and Standard Chartered Singapore bank. The pilot, conducted under the guidelines of the Bank of Thailand’s regulatory sandbox,
