Sampath Bank, a Sri Lankan commercial bank, has launched a blockchain-based banking solution in the country, according to Daily News.
The new solution, Sampath igift, is a person-to-person gifting mobile app. It will enable all account holders at Sampath Bank to gift money, between 100 LKR to 10,000 LKR per gift, to anyone in their smartphone’s contact list. The maximum amount that can be gifted in a day by an account holder is 100,000 LKR.
The app will also allow account holders to include personalized messages with text, selfies, emoticons, stickers and more, to their friends and family, with the gift.
“With this, we have earned the distinction of being the first bank in Sri Lanka to introduce a blockchain based solution. We look forward to seeing Sampath igift becoming a part of celebrations across the island, delivering greater value and joy to our fellow Sri Lankans,” said Nanda Fernando, Managing Director, Sampath Bank.
Sampath igift is currently available on the Google Play Store and will soon be available on the Apple App Store.
