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CIMB harnesses Ripple blockchain to allow for instant money transfer to four countries for FREE
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CIMB harnesses Ripple blockchain to allow for instant money transfer to four countries for FREE

by Vyncent ChanDecember 18, 2018
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SpeedSend is an online money transfer offered by CIMB Clicks that allows individuals to send money internationally. They have just added money transfer via Blockchain, making CIMB the first bank to implement Blockchain into their money transfer services.

SpeedSend via blockchain runs on Ripple, allowing the recipient of your funds to get the money instantly in the USA, UK, Australia and Hong Kong. For a limited time from now until 31st March 2019, CIMB is running a promotion where they will not be charging any fees for using SpeedSend via Blockchain.

With the very basics of security at CIMB under scrutiny, it might seem like somewhat of a weird timing to announce such a sensitive new service. Innovation is good, but the timing might just be a little off. In any case, if you are going to transfer your money to the selected countries, you can just try CIMB SpeedSend to get a feel for something new.

Pokdepinion: Well, implementing blockchain into this should enhance the security of the transactions…

About The Author
Vyncent Chan
Technology enthusiast, casual gamer, pharmacy graduate. Strongly opposes proprietary standards and always on the look out for incredible bang-for-buck.

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