🦄 South Korea’s Jeonbuk Bank will become the first regional bank in the country to deploy Ripple Payments for cross-border business remittances.
Ripple says the service will operate 24/7 and settle transfers in seconds to minutes for importers, exporters, IT startups and online creators. The announcement does not specify whether XRP or RLUSD will carry the flows, so token exposure should not be assumed.
Why it matters: adoption by a regulated bank moves blockchain payment infrastructure deeper into commercial banking and gives Ripple its third major South Korean institutional partnership this year.
#Blockchain #Payments #SouthKorea
Sources: https://ripple.com/ripple-press/ripple-and-jeonbuk-bank-partner-to-modernize-cross-border-payments-for-korea-s-regional-banking-sector/ | https://www.theblock.co/news/business/2026-08-18-ripple-south-korea-jeonbuk-bank-412049
Ripple says the service will operate 24/7 and settle transfers in seconds to minutes for importers, exporters, IT startups and online creators. The announcement does not specify whether XRP or RLUSD will carry the flows, so token exposure should not be assumed.
Why it matters: adoption by a regulated bank moves blockchain payment infrastructure deeper into commercial banking and gives Ripple its third major South Korean institutional partnership this year.
#Blockchain #Payments #SouthKorea
Sources: https://ripple.com/ripple-press/ripple-and-jeonbuk-bank-partner-to-modernize-cross-border-payments-for-korea-s-regional-banking-sector/ | https://www.theblock.co/news/business/2026-08-18-ripple-south-korea-jeonbuk-bank-412049