So while Tetherino is not inspired by Dogecoin, it certainly wants to outshine it as a joke cryptocurrency. “So we decided to create the most ridiculous cryptocurrency that could exist, and make it successful in terms of liquidity, adoption, and market cap, to do the job that Dogecoin failed to accomplish.” Image: How Tetherino Describes Itself On Its Website, With "Pumping The Markets" As A Stated Goal But we were wrong,” Tetherino Chief Technology Officer, who goes by the pseuodnym Paolino Ardoino, told Benzinga on motivation behind the “commercial toilet paper” inspired project and its coin TTR.
Meet Tetherino, a project that takes a dig at stablecoins and in particular Tether (CRYPTO: USDT), which it calls its “step-brother.”Ĭommercial Toilet Paper: “We hoped the Dogecoin mania would be the end of crypto, by exposing how ridiculous crypto valuations are. SCB is an investor in Go-Jek and a strategic partner for Get.Dogecoin (CRYPTO: DOGE) and other meme coins have been in the spotlight this year as they soared to sky-high levels, but there is a cryptocurrency that wants to take the meme hoopla and raise it to the nth level. "We always welcome fresh ideas in the market that enable innovation and promote a higher level of service in the industry," Mr Pinya said. Pinya Nittayakasetwat, chief executive and co-founder of GET app, which offers food deliveries, said the service is playing an important role during the pandemic by providing an income opportunity for merchants and drivers, while addressing user demands. QueQ recently upgraded its app to cover food delivery and it has over 300 eateries on its platform. Given the market size, it is likely only three players will survive in the long run, he said. "Banks can fund zero GP schemes to reach out to restaurants, getting them to use the bank's Mae Manee app and offering them loans," said Mr Rungsun. Several startups will step in to compete while large corporations may join hands with local startups to fight, he said. "SCB's zero GP campaign should intensify competition as existing players fight back," said Mr Rungsun. SCB also provided a queue management system, but the service was not popular.
#ROBINHOOD APP COMMERCIAL GIRL SERIES#
Rungsun Promprasith, chief executive of QueQ, a queue management app, said it is no surprise SCB jumped into this market as it has previously provided a series of services that other startups provided, although they were not successful. Under the work from anywhere approach, the bank plans to remodel 200-300 branches and equip them with more automated systems. Mr Arthid said separately the bank is studying the "work from anywhere" concept as working from home during the pandemic resulted in staff productivity increases.
SCB's app roll-out should have no effect on its partnership with Go-Jek, the Indonesian startup unicorn, for ride-hailing service via the Get platform, as the bank does business under the Robinhood platform. Online payment is the only option for Robinhood, with money transferred to eateries within an hour after the order is delivered. Targeted restaurants are merchants on the bank's mobile banking app, SCB Easy. SCB aims to sign up 30,000 eateries on the platform in the first three months after launching and have 50,000 by year-end. The app will be operated under Purple Ventures, a corporate venture company under SCB Group, and Thai startup Scootar Beyond Ltd, with an investment budget of 100 million baht.
In the next stage, the bank's financial products including digital lending will be offered on Robinhood to generate income for the food delivery app. We have not set an initial target," he said. We want to be an option and build up a customer base gradually. "SCB has no plans to compete with the existing ride-hailing service providers.
#ROBINHOOD APP COMMERCIAL GIRL DRIVERS#
To lure customers, the bank's food delivery platform Robinhood will waive the gross profit (GP) fee in an effort to be fair to customers, drivers and restaurants, said chief executive Arthid Nanthawitthaya. Siam Commercial Bank (SCB) is encroaching on the food delivery business, planning to roll out its own platform next month. The Robinhood app will waive the gross profit fee to attract users.