Thailand’s Largest Commercial Bank Retracts Tweet Indicating Plans to Use Ripple’s XRP

Siam Commercial Bank (SCB), Thailand's largest commercial bank, has denied it plans to start using Ripple’s XRP token, contrary to earlier indications. The bank’s denial was communicated in a tweet published on June 7.

The bank’s denial was prompted by an earlier post on social media dated June 5, when the bank’s official Twitter handle had responded to a user’s question regarding XRP and revealed ostensible plans to announce details of an unspecified “XRP system [...] soon.”

With the June 5 tweet having since been deleted, SCB today has firmly stated that:

“We are so sorry for the previous information of the previous post. As of now we have no plan on using XRP.”

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