Ripple and Korea's K Bank Partner for On-Chain Remittance Proof of Concept

Korea's internet-only bank K Bank announced on the 27th a strategic partnership with blockchain company Ripple for a blockchain-based international remittance technology verification (PoC), as reported by Korean media. The purpose of the partnership is to utilize Ripple's global network and blockchain infrastructure to incrementally verify the potential improvements in speed, cost, and transparency of existing international remittance services. The scope of cooperation between the two companies includes digital...