Ripple and XRP Rumors Fly As Thailand's Third Largest Bank Deletes Mysterious Tweet

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A viral tweet from the third biggest commercial bank in Thailand has now vanished, leaving Ripple and XRP fans wondering what the financial powerhouse is up to.

The tweet from Siam Commercial Bank’s official Twitter account that teased an imminent announcement about an “XRP system” has since been deleted.

The deleted tweet from SBC triggered a flurry of excitement and rumors on Reddit and Twitter, with users over the moon on the potential for the first commercial integration of XRP from a major bank.

Comment from discussion Siam Commercial Bank of Thailand may be announcing the use of XRP soon.

Big announcement coming for #XRP via SCB Thailand 🇹🇭

Hodl #XRP!! 🌎

Wonka Knows!! 🔥🔥🔥 https://t.co/SvZ01XPyNs

— 🔥Bull Run Wonka🔥 XRP 📈 (@WillyWonkaXRP) June 5, 2019

This isn’t the first XRP-related tease from SBC. Late last month, the company posted the following mysterious message about XRP that is still online.

We will be using Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement.

— SCB Thailand (@scb_thailand) May 22, 2019

The chief strategy officer at Siam Commercial Bank (SCB) recently said the company is expanding its use of Ripple’s cross-border payment solutions.

“We invested in Ripple. We commercialized their technologies. They became our co-partners in solving these pain points I just mentioned.

We actually solved pain points for Thai migrant workers that live in Japan. We helped them send money home through 30,000 ATM machines. Beyond that, people ask, ‘Ok, besides Thailand, what can we do?’ We looked at our presence in the regions. Cambodia, we have Vietnam, we have other countries. So we said, ‘Ok, let’s do that.’”

Ripple CEO Brad Garlinghouse also dropped a hint on SBC’s potential use of cryptocurrency, saying the company is using digital assets to power payments.

“One bank that I’ll highlight that has certainly been aggressive and progressive in their approach is Siam Commercial Bank in Thailand. And the work they’ve done is really setting them up to be a next-generation hub. As some in the correspondent banking community retract from some parts of the Southeast Asian market, Siam Commercial is actually solving that and using blockchain and even using digital assets to help solve that problem.”