Cross border payments is a headache. USA is grilling rest of the world by forcing them with the USD. And they are making it so hard that they are making it difficult for going away from them. Now Singapore wants to settle things locally. 

But unfortunately USA wants hands here too, so they sent the Mastercard and Visa to meddle in between and have the cross border payments among Singapore, Malaysia and Thailand under ripple based settlement. 

What if these three country wants to do the settlement of the funds? Use same old IBAN and SWIFT? Or move to the local solutions? So the ripple, Mastercard and Visa is coming to the USD dominated payment system and making sure these three nations stay under US control. 

And they are making the payment solutions between these three payment terms. So kind of like making it easier to pay but still remain under USD based system to make sanctions easier. 

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