Ripple Expands in Korea as XRP Whales Surge

XRP's price remains near $1.00 as Ripple expands its presence in Korea through partnerships with Jeonbuk Bank, Kyobo Life Insurance, and Kbank.

The integration of Ripple Payments for cross-border remittances with Jeonbuk Bank brings near real-time settlement to businesses that have historically relied on SWIFT transfers taking days to complete.

Fiona Murray, Managing Director, Asia Pacific at Ripple, said: 'This partnership with Jeonbuk Bank reflects the growing momentum we are seeing across Korea's institutional financial sector.'

The number of XRP transactions exceeding $1 million has surged 280% over the past 24 hours, indicating that large holders are positioning for a move.