Partnership between Jeonbuk Bank and Ripple for Cross-Border Payments

Occurred 26 August 2026Date inferred from coverage

South Korea's Jeonbuk Bank has partnered with Ripple to implement a blockchain-based cross-border payment system for its business customers.

Aggregated from 6 sources · Updated 26 Aug 2026, 04:03 UTC (UTC)

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6 sources

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This event is primarily covered by one side of the political spectrum. Niche or counter-narrative facts may be underrepresented.

Established
Jeonbuk Bank is the first regional bank in South Korea to deploy Ripple Payments for cross-border remittances.
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The Ripple Payments system is designed to provide near real-time settlement for international transfers, replacing traditional SWIFT-routed transfers.
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The service targets specific business sectors including import-export firms, technology startups, and online content creators.
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The partnership will allow the bank to offer 24/7 payment services, including operations on weekends and holidays.
Established
This agreement marks Ripple's third partnership with a South Korean financial institution in 2026, following deals with Kyobo Life Insurance and Kbank.
Emerging
The specific digital assets or settlement rails (such as XRP or RLUSD) to be used for these transfers were not disclosed by the companies.
Emerging
Public disclosure regarding specific transaction fees, supported payment corridors, and launch dates for the service has not been provided.
AttributionNiche Signal
Jeonbuk Bank President Park Choon-won stated that the partnership will serve as a new growth engine for the bank to meet global standards.