South Korea’s Jeonbuk Bank Taps Ripple Payments

Jeonbuk Bank Makes Landmark Move as First Regional Korean Bank to Adopt Ripple Payments

Jeonbuk Bank, a major regional bank in South Korea, has adopted Ripple Payments for cross-border remittances, becoming the first regional bank in Korea to use the payment solution. Ripple announced the partnership in a recent press release, confirming that Jeonbuk Bank will use Ripple Payments to help businesses send money across borders more quickly.Visit Website

XRP slips below $1 even as Ripple signs its third Korean bank partner this year

Jeonbuk Bank will use Ripple’s 24/7 cross-border payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple’s RLUSD stablecoin.

South Korea’s Jeonbuk Bank deploys Ripple for cross-border payments

Ripple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed. South Korea’s Jeonbuk Bank has partnered with blockchain payments company Ripple to deploy its cross-border payment system for business customers. On Tuesday, Ripple said its Ripple Payments platform would let the bank’s customers settle overseas transfers in seconds to minutes, with operatio…

South Korea’s Jeonbuk Bank Taps Ripple Payments

The companies did not disclose whether the service is live or which payment corridors, currencies and settlement assets it will support.

Ripple signs first Korean regional bank payments deal

Ripple partnered with Jeonbuk Bank to provide near real time cross border settlement for South Korean businesses using Ripple Payments.