South Korea's Jeonbuk Bank adopts Ripple Payments, ditching SWIFT for faster cross-border transfers.

Jeonbuk Bank, a regional South Korean bank, has replaced the traditional SWIFT network with Ripple Payments to improve the efficiency of its cross-border transactions. This marks Ripple's third partnership in South Korea in 2026, highlighting its growing presence in the Asia-Pacific region. Ripple Payments uses blockchain technology to enable 24/7 operations and liquidity outside normal banking hours, supporting Korean won payouts. While Ripple's XRP cryptocurrency is not used for Jeonbuk's transactions, the move signals increasing adoption of Ripple's blockchain infrastructure by financial institutions in Asia.