Every time Ripple ties to make headlines, there is a lot of criticism. In the latest edition of new, Ripple’s collaboration with a Thai exchange have some interesting consequences.
It is always beneficial to work service providers, rather than oppose them or simply hope for the best.
Ripple Keeps Growing in Thailand
In the case of Bikub, a Thai crypto exchange, partnering Ripple is an interesting decision.
The company sees merit in becoming Ripple’s official partner in Thailand.
Additionally, this venture will try to provide cross-border XRP transactions in the years to come.
This latter aspect will be achieved through Ripple’s native On-Demand Liquidity, or ODL.
The benefits Ripple provides to the financial system are also of great importance to Bitkub CEO Topp Jirayut.
He considers it to be a key player for financial institutions looking to improve their current services.
Bitkub will also join the RippleNet program as part of the cross-border XRP aspect.
It is another major partnership for Ripple in Thailand.
Earlier this year, the company joined forces with Siam Commercial bank for a mobile application.
Southeast Asia is a very crucial region for cross-border financial activities.
Any service provider capable of tapping into this segment has a chance of making a real impact.