Korean Bank Taps Ripple For Payments, Pakistan Opens Crypto Licensing: Asia Express

cointelegraph – Aug 25, 2026

Asia’s biggest crypto hubs are locked in a tax-cut arms race, while Ripple will help Korea’s Jeonbuk Bank move money across borders.

KOREA

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

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

The service targets businesses including import-export companies, technology startups and online content creators.

Ripple said 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.