Important Ripple (XRP) Partnership Targets Cross-Border Remittances
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Ripple has partnered with Jeonbuk Bank in South Korea to deploy Ripple Payments for cross-border remittances, making Jeonbuk the first regional bank in the country to adopt the service. The rollout aims to cut several-day transfer delays for businesses and represents a crypto payments adoption milestone that could boost remittance speed and broader on‑ramp usage.
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Ripple has partnered with Jeonbuk Bank in South Korea as the latter prepares to deploy Ripple Payments for cross-border remittances. The deal makes Jeonbuk Bank the first regional bank in the country to deploy the payment service.
The main objective is to support businesses that have traditionally faced several days of delays when moving money across borders via conventional transfers.
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Important Ripple News and XRP Price Update: August 19
