Ripple announced on the 18th that it has formed a partnership with Jeonbuk Bank in Korea to introduce Ripple Payments for the bank's corporate international remittances. Jeonbuk Bank becomes the first regional bank in Korea to adopt this service. The service targets corporate clients involved in trade, IT startups, and video streaming businesses that engage in transactions with overseas entities. Traditionally, SWIFT transactions, which require multiple intermediary banks, took several days for funds to be received. However, with the new system...