Ripple announced today, August 18, 2026, on social media platform X that it has partnered with South Korea’s Jeonbuk Bank to deploy Ripple Payments for cross-border business remittances. This bank is the first in the region to move ahead with real-time settlement for companies that have long been dependent on transfers taking days to complete.
Jeonbuk Bank is the first regional bank in Korea to deploy Ripple Payments, replacing multi-day SWIFT transfers with near real-time, 24/7 cross-border settlement for its business customers. Our third Korean partnership this year, after Kyobo Life Insurance and Kbank, partnering…
— Ripple (@Ripple) August 18, 2026
However, this announcement has quickly become a talking point not just for what it signals about Ripple’s institutional expansion, but also for what it leaves unclear about the role of XRP in the new payment flows.
Faster, 24/7 Cross-Border Settlement For Businesses
For international transfers, the process includes intermediary banks and the SWIFT network, which a...
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