News
03 June 2019

Thai banks unite on electronic Letter of Guarantee network

Region:
Asia-Pacific

A total of 22 Thai banks and foreign-bank branches have built an electronic Letter of Guarantee (e-LG) network on blockchain via BCI (Thailand) Co, with support from the Bank of Thailand (BOT). The effort aims to achieve a 50% increase in the use of blockchain-based e-LG by Thai businesses...

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