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KB Kookmin Taps JPMorgan Blockchain for Dollar Trade Payments in South Korea

Guavy AI Editorial Team
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KB Kookmin Bank has partnered with JPMorgan's institutional blockchain unit, Kinexys, to launch a new payment service for import and export companies in South Korea.

The service will use JPMorgan's Kinexys network to process US dollar transactions for corporate clients starting in August 2026.

Kinexys has settled over $4 trillion in total volume since its initial rollout, with a daily average transaction volume exceeding $7 billion.

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