Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Yohan Yunstaff editor

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

Latest NewsPublishedAug 18, 2026

Ripple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed.

South Korea’s Jeonbuk Bank has partnered with blockchain payments company Ripple to deploy its cross-border payment system for business customers.

On Tuesday, Ripple stated its Ripple Payments platform would let the bank’s customers settle overseas transfers in seconds to minutes, with operations around the clock. The service targets businesses including import-export companies, technology startups and online content creators. 

Ripple stated its system would provide the bank with faster, less expensive remittance capabilities than conventional transfers routed through intermediary banks via the SWIFT messaging network, which can take several days. 

The companies did not disclose whether the service is already available to Jeonbuk Bank customers or identify the supported payment corridors, currencies, fees or expected transaction volumes. They also did not say whether transfers would utilize XRP, Ripple’s RLUSD stablecoin, another digital asset or fiat-based settlement rails.

The deal is Ripple’s third partnership with a South Korean financial institution this year. Ripple previously partnered with Kyobo Life Insurance to explore onchain government bond settlement and with internet-only Kbank on institutional wallet infrastructure.

Cointelegraph reached out to Ripple for more information but did not receive a response before publication. 

Related: Ripple invests in Zilo and Licuido to assist tokenized capital markets push

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Ripple
• South Korea
• Asia
• Banks
• Blockchain

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