- Reducing the transaction times from 72 hours to 5 minutes
- Providing customers the ability to make payments 24 hours and 365 days a year; and
- Improving traceability and transaction monitoring with smart contract technology.
Project Carina will pilot a cross-border transaction starting May 2024, with funds in Thai Baht using Q-money being ultimately transferred to a US Dollar beneficiary account held at J.P. Morgan on JPM Coin.
Source: Kasikorn Bank