Ripple is teaming up with South Korea's Jeonbuk Bank to launch a personal overseas remittance service for Southeast Asia by the end of this year.…
- Ripple is partnering with Jeonbuk Bank in South Korea to launch a real-customer remittance service to Southeast Asia, utilizing Ripple's payment infrastructure.
- The service aims to reduce fees and settlement times compared to traditional SWIFT transfers, with plans to expand to corporate remittances and stablecoin-based remittances.
- Ripple emphasizes its role as an infrastructure provider, not a competitor to banks, and highlights the growing institutional demand for digital asset services like custody and tokenized asset management in South Korea.
Topics: Institutional adoption, Integration with defi, Jurisdictions, Banking depository pilots, Rwa collateral lending, Established hubs
Tags: #ripple #jeonbukbank #remittance #southkorea #paymentinfrastructure #xrpledger #digitalassets #custody #tokenizedbonds #regulatoryframework
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