by Jake ClaverRippleNet, Nium, and Bank of Ayudhya/Krungsri: rebuilding the cross-border payment rail
Here the focus is RippleNet, Nium, and Bank of Ayudhya/Krungsri, which sit at the center of how cross-border payments settle. It names real organizations and documents, so the claim can be checked.
The Rail Behind The Headline
This material connects the ecosystem to payment rails and cross-border transaction flows. Supporting material comes from the Nium/Krungsri announcement and the Krungsri announcement. SBI Ripple Asia PDF, a news report from the organizations involved, states it directly:
> DLT-based money transfer business between Thailand and the U.S. and European regions. “We are excited to see a growing use of RippleNet technology to provide faster, cheaper and more secure financial transactions between our customer Bank of Ayudhya and counterparty NIUM reaching into the U.S.
Why The Payment Rail Matters
For the Ripple and XRP Ledger ecosystem, this matters because payments infrastructure is a repeat-use case that can create ongoing demand for reliable networks and settlement assets. The broader research trail also includes the World Bank Remittance Prices Worldwide, the FSB cross-border payments roadmap, and the BIS Project Nexus page.
The Rail Screenshot
Receipts For The Payment Rail
- SBI Ripple Asia PDF
- Nium/Krungsri announcement
- Krungsri announcement
- World Bank Remittance Prices Worldwide
- FSB cross-border payments roadmap
- BIS Project Nexus page
- OECD blockchain/remittances paper PDF
- IMF U.S. FSAP technical note on FMIs, payment infrastructure, and innovative technologies PDF
- IMF fintech note on digital money and cross-border flows
