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XRP Holds Above $1 as Ripple Signs Korea's First Regional Bank. Will It Move XRP?

Jeonbuk Bank will use Ripple Payments for cross-border remittances, giving business customers transfers that clear in seconds and cost about 87% less, Ripple said.

Summary by 24/7 Wall St.
Ripple announced an agreement with Jeonbuk Bank in Seoul on August 18, making it the first regional lender in Korea to deploy Ripple Payments.  Jeonbuk’s business customers had been sending money over SWIFT, which is the messaging network banks have used for cross-border transfers since the 1970s, but a payment can take days. Meanwhile, Ripple ... XRP Holds Above $1 as Ripple Signs Korea’s First Regional Bank. Will It Move XRP?

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CryptoSlate broke the news on Wednesday, August 19, 2026.
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