Myanmar’s Shwe Rural & Urban development bank is partnering with Thailand’s state-owned
Krungthai Bank to introduce a cross-border money transfer service, powered by the Ethereum blockchain. The new scheme will enable transfers between Thailand and Myanmar via the Everex smartphone wallet platform. The service will cater to over 3 million Myanmar migrants residing and working in Thailand helping them to save money with competitive exchange rates.
“I am pleased to work on cross-border remittances with Krungthai Bank and SHWE Bank for the Thailand-Myanmar corridor. It will enable Myanmar migrant workers to efficiently send their money home using the Everex digital remittance platform,” commented Alexi Lane CEO of Everex.
Everex’s Ethereum application
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