#Orient #Commercial #Joint #Stock #Bank is now part of the RippleNet network. Orient Commercial Joint Stock Bank (OCB), one of the largest #Vietnamese banks with $ 4.6 billion in assets under its management, has joined the RippleNet network as a "strategic partner", according to a LinkedIn post from the head of its technology and project management department.
Orient Commercial Joint Stock Bank is now part of the RippleNet network!
Phong Nguyen, president of OCB fintech, says Ripple technology will help reduce the cost of cross-border payments and remittances while increasing their speed and transparency. Phong Nguyen adds the following to his comments on the subject:
OCTOBER 16TH IS AN UNFORGETTABLE DAY FOR ME! 10 MONTHS LATER, AFTER CONCENTRATING ON THE PROJECT, MOBILIZING MULTI-PART RESOURCES, AGGRESSIVELY RESEARCHING AND CREATING BUSINESS USE CASES, I'D LIKE TO ANNOUNCE THAT OCB HAS OFFICIALLY JOINED RIPPLENET AS A STRATEGIC PARTNER. WITH THIS INVESTMENT IN BLOCKCHAIN TECHNOLOGY POWERED BY RIPPLE, WE AIM TO APPLY NEW TECHNOLOGY TO THE BUSINESS TO REDUCE COSTS, INCREASE PRODUCTIVITY AND BRING THE BEST SERVICE TO THE CUSTOMER.
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Ripple partner OCB is one of the largest Vietnamese banks!
OCB, one of the largest Vietnamese banks with assets worth $ 4.6 billion under its management, has a network of more than 130 branches located all over Vietnam. Orient Commercial Joint Stock Bank's headquarters are located in Ho Chi Minh City. On January 8, Japan's Aozora Bank announced the acquisition of a 15 percent stake in OCB.
The first Vietnamese bank to log into RippleNet. Using Ripple technology, the bank hopes to speed up transfers from a few hours to a few minutes. It focuses primarily on transfers between Vietnam and Japan.