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Jeonbuk Bank adopts Ripple Payments for faster cross-border business remittances in South Korea

Market News
18 Aug 2026
Crypto news
View Source
Bullish
pluang ai news

Jeonbuk Bank has partnered with Ripple to implement Ripple Payments, enabling near real-time cross-border business remittances. This makes Jeonbuk the first regional bank in South Korea to use Ripple's payment infrastructure, aiming to speed up international transfers for importers, exporters, startups, and online creators. The service promises settlement within seconds or minutes, operating continuously beyond local banking hours. Details on transaction volumes, fees, supported currencies, and use of XRP or stablecoins were not disclosed, and the rollout timeline remains unspecified.

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