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KB Kookmin Bank Taps J.P. Morgan's Kinexys for Cross-Border Payments

Guavy AI Editorial Team
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KB Kookmin Bank is expanding its blockchain strategy by launching a cross-border corporate payment service powered by Kinexys, J.P. Morgan's blockchain business.

The service will initially support US dollar transfers across 10 countries through the bank's Korean and Singapore branches.

The launch builds on KB Kookmin Bank's recent blockchain initiatives, including a $100 million digital bond issuance and a stablecoin payment card project with Avalanche.

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