Gate News message, April 27 — Ripple, a blockchain-based enterprise solutions company, announced a strategic partnership with K Bank, a South Korean bank, to validate blockchain-based cross-border remittance technology. The partnership agreement was signed at K Bank’s headquarters in Seoul on April 27, with Fiona Murray, Ripple’s Asia-Pacific Regional Head, and Choi Woo-hyung, K Bank’s CEO, leading the signing ceremony.
Through this partnership, K Bank will leverage Ripple’s global network and blockchain infrastructure to verify improvements in speed, cost, and transparency of existing international money transfers. The two organizations are currently conducting proof-of-concept (PoC) tests, with discussions covering Ripple’s digital wallet-based PoC, support for K Bank’s overseas remittance model, and expanded collaboration in digital assets. In the first PoC phase, K Bank tested a standalone app-based remittance structure using its own wallet implementation. The second PoC phase, currently underway, validates account and internal system integration while testing on-chain remittance methods targeting key markets including the United Arab Emirates and Thailand. For this phase, K Bank will utilize Ripple’s Palisade, a global SaaS-based digital wallet, to identify optimal solutions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
AI Agents Drive Crypto Payments Demand, x402 Processes 165M Transactions
Gate News message, April 27 — Jesse Pollak, an executive at a major CEX, has argued that autonomous AI agents are creating a new "demand center" for crypto payments, requiring software-native payment infrastructure. On April 20, it was announced that the x402 ecosystem had processed more than 165
GateNews1m ago
Morpho CEO: Institutional Interest in DeFi Will Not Fade as On-Chain Finance Accelerates
Gate News message, April 27 — Morpho CEO Paul Frambot shared insights from conversations with major institutions over the past week, stating that institutional interest in DeFi will not disappear. Frambot noted that distribution channels—including massive assets under management (AUM), payments,
GateNews12m ago
CertiK Confirmed as Sponsor at Consensus Miami 2026, Driving Web3 Security and Trust
Gate News message, April 27 — CertiK, a leading global Web3 security company, has confirmed its participation as a sponsor at Consensus Miami 2026. The company plans to engage deeply in industry dialogue
GateNews12m ago
Inside Subway’s Total Overhaul Powered By Ripple Treasury
Here’s how Subway is unlocking new advantages and opportunities by leveraging Ripple Treasury solutions.
The latest online chatter highlights how Ripple, through Ripple Treasury, has bridged Subway, one of the leading companies in the fast-food industry, from the clutches of traditional finance (T
Blockzeit46m ago
JPMorgan Says Tokenization Will Transform Funds Industry, But 'Good Use Cases' Still Years Away
Gate News message, April 27 — Ciarán Fitzpatrick, JPMorgan's global head of ETF product and securities services, said tokenization should drive change across the entire funds industry. "We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds indust
GateNews2h ago
Pantera Capital Identifies South Korea as Leading Market for On-Chain Financial Infrastructure
Gate News message, April 27 — Pantera Capital, a global digital asset investment firm, has designated South Korea as a leading market rather than a follower in the blockchain industry, with potential to become one of the key nations building critical on-chain financial infrastructure within the
GateNews2h ago
