Upbit Banking Partner KBank Pilots Ripple for Cross-Border Payments
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KBank (Upbit-linked via Dunamu) is running a multi-phase PoC with Ripple to test blockchain-based cross-border payments on UAE and Thailand routes, measuring speed, cost and transparency; no live remittance launch yet. The bank is evaluating Ripple’s Palisade wallet for compliance, custody and settlement controls, indicating institutional security and regulatory scrutiny in the pilot. XRP traded near $1.41 as volume jumped ~60%, keeping Ripple payment rails, token performance and crypto adoption in focus.
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- Upbit-linked KBank tests Ripple rails for fast cross-border payments across UAE, Thai routes.
- KBank reviews Ripple’s Palisade wallet for compliance, custody, and settlement control tests.
- XRP holds near $1.41 as volume jumps 60%, keeping Ripple payment activity in sharp focus.
South Korea’s KBank has joined hands with Ripple to test blockchain-based cross-border remittances, using on-chain transfers to measure speed, cost, and transparency. The internet-only lender, linked to Upbit through major shareholder Dunamu, is running the project through a multi-phase proof-of-concept.
The test focuses on selected payment routes, including the United Arab Emirates and Thailand, as KBank reviews whether blockchain rails can improve overseas transfers. Nonetheless, the bank is not launching a live remittance service yet, but is checking how the model works with its system…
Read The Full Article Upbit Banking Partner KBank Pilots Ripple for Cross-Border Payments On Coin Edition.
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