The South Korean bank powering Upbit is testing Ripple integration for cross-border payments
CryptoSlate
South Korea’s Kbank has partnered with Ripple to conduct a proof-of-concept for blockchain-based cross-border remittance services.Summary
Kbank, the South Korean bank responsible for fiat account access on the Upbit exchange, has entered a strategic partnership with Ripple to test blockchain-based overseas remittances. This proof-of-concept aims to evaluate whether Ripple’s infrastructure—including the Palisade digital wallet—can improve the speed and transparency of international payments involving corridors like the UAE and Thailand. While the technical trial focuses on account integration and operational compliance, Kbank has yet to announce a formal commercial launch, and the project remains subject to South Korea's evolving regulatory framework for digital assets.
(Source：CryptoSlate)