TP Bank joins Ripplenet. First Vietnamese bank to do so.

TP Bank is a Vietnamese bank that was founded in 2008 in cooperation with the Bank for Investment and Development of Vietnam, and Citibank.

On November 4th, TP Bank announced that:

From the beginning of November 2019, international money transfers via TPBank will be faster, more convenient and safer than before, thanks to TPBank’s successful application of blockchain technology through RippleNet, a platform. developed by SBI Ripple Asia, a joint venture between Ripple Labs, Inc (USA) and SBI Holdings.

It is worth noting that TP Bank has received funding from SBI Venture Capital Pte. Ltd. (the Singapore-based VC investment arm owned by Japanese SBI Holdings) and might received additional funding from SBI Group.