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Jeonbuk Bank partners with Ripple for cross-border payments
Ripple has entered a strategic partnership with Jeonbuk Bank, a major regional lender in South Korea, to deploy Ripple Payments for cross-border remittances. This marks the first time a South Korean regional bank has adopted the platform. The technology aims to replace traditional multi-day SWIFT transfers with near real-time settlement that operates 24/7, completing transactions in seconds or minutes.
The service is specifically designed to support business customers, including import-export firms, technology startups, and digital content creators. While the partnership focuses on improving speed, transparency, and cost-efficiency, the companies have not publicly disclosed whether the settlement will utilize XRP, the RLUSD stablecoin, or fiat-to-fiat rails.
This deal represents Ripple’s third major partnership in South Korea in 2026, following agreements with Kyobo Life Insurance and Kbank. Simultaneously, the XRP token has experienced significant market volatility, recently testing the $1 psychological support level amid increased whale accumulation and institutional interest through ETFs.
Entities
Fiona Murray · JB Financial Group · Jeonbuk Bank · KBank · Kyobo Life Insurance · Park Choon-won · Ripple · South Korea
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The service aims to settle international transfers in seconds or minutes rather than days. crypto.news · fxdailyreport.com · cointelegraph.com
- [● 3 SOURCES] Ripple has partnered with Jeonbuk Bank to deploy its Ripple Payments infrastructure. crypto.news · fxdailyreport.com · cointelegraph.com
- [● 3 SOURCES] Jeonbuk Bank is the first South Korean regional bank to adopt Ripple Payments. crypto.news · fxdailyreport.com · cointelegraph.com
- [○ 1 SOURCE] This is Ripple's third partnership with a South Korean financial institution this year. cointelegraph.com
- [● 2 SOURCES] The companies have not disclosed specific payment corridors, transaction volumes, or fees. crypto.news · cointelegraph.com
- [○ 1 SOURCE] Ripple previously partnered with Kyobo Life Insurance and Kbank in South Korea. cointelegraph.com
- [● 3 SOURCES] The service targets importers, exporters, technology startups, and online content creators. crypto.news · fxdailyreport.com · cointelegraph.com
- [● 3 SOURCES] The payment service will operate 24/7. crypto.news · fxdailyreport.com · cointelegraph.com