Ripple partners with Jeonbuk Bank of Korea; the latter deploys Ripple Payments for cross-border remittances.

Ripple partners with South Korea's Jeonbuk Bank, which becomes the first regional bank in South Korea to deploy Ripple Payments for cross-border remittances. The partnership aims to replace the traditional SWIFT multi-intermediary process with near real-time settlement (seconds to minutes) and support 7×24-hour operations.