KBank already inked Kasikornbank for the same Thailand corridor earlier this year — bank-to-bank rails, no token leg. The Ripple deal is a parallel hedge on which remittance infra wins, and Stage 2's on-chain leg only matters if it actually settles in XRP or RLUSD. Most Ripple enterprise integrations run on RippleNet messaging without touching either token, which is correspondent banking with prettier dashboards.

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