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Republic Of , Under South , Amid Country , Pink Husband , Courage Lime Kiln , Courage Forward , Flight Net , குடியரசு ஆஃப் , ஒளி நிகர ,

Thai tycoon bets remittances startup will thrive post Covid-19


BANGKOK, April 3 (Bloomberg): Rather than follow in his family’s footsteps, Chatchaval Jiaravanon (
pic), a member of Thailand’s richest clan, likes to strike out on his own. After trying wind farms, credit cards and buying Fortune magazine, his latest venture marries blockchain with finance.
He invested about US$10 million in 2018 to create Lightnet, a remittance service that uses a decentralized blockchain system to transfer money to a different country within a day, he said. With traditional banks, which still rely on the Swift network that’s been around for almost half a century, it takes two to three days. ....

Krung Thep Mahanakhon , South Korea , Southeast Asia , Chatchaval Jiaravanon , Singapore United Overseas Bank Ltd , Japan Aeon Financial Service Co , Moneygram International Inc , Visa Inc , Aeon Financial Service , United Overseas Bank , Indonesia Based Kejora Ventures , Flight Net , Remittance Service , தெற்கு கொரியா , தென்கிழக்கு ஆசியா , சிங்கப்பூர் ஒன்றுபட்டது ஓவர்‌ஸீஸ் வங்கி லிமிடெட் , ஜப்பான் ஊழி நிதி சேவை இணை , பணம் கிராம் சர்வதேச இன்க் , விசா இன்க் , ஊழி நிதி சேவை , ஒன்றுபட்டது ஓவர்‌ஸீஸ் வங்கி , ஒளி நிகர , பணம் அனுப்புதல் சேவை ,