Ripple Bolsters Korean Presence with Jeonbuk Bank Partnership

Ripple has announced a strategic partnership with Jeonbuk Bank in South Korea to provide faster cross-border payment services.

The bank will use Ripple's Payments infrastructure for commercial payments, aiming to reduce the current SWIFT-based process and enable real-time payments in seconds.

According to Ripple, the partnership demonstrates growing interest from South Korea's corporate finance sector in digital asset infrastructure.