Thailand’s largest commercial bank, the Siam Commercial Bank (SCB), which recently hinted on launching an XRP-based system suddenly issued a statement, according to which, the bank "has no plan on using XRP."
Siam Commercial Bank is one of the oldest Thai's banks, which was established on 30 January 1907 by royal charter as the first Thai bank. As of June 5, the bank has 3,187.33 billion total assets in THB ($97,8 million).
Reaction from the XRP-focused community followed almost immediately. While some blamed the bank for incompetence, others believe with this denial the bank is just trying to adhere to the terms of a non-disclosure agreement.
Earlier iHodl reported that SCB Thailand published on Twitter a message which reported that "XRP system will be announced soon."
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