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🔥K Bank in South Korea partners with Ripple to test blockchain-based cross-border remittances
On April 27, South Korea’s internet bank K Bank announced a strategic partnership with Ripple, which will use Ripple’s global payment network to verify the potential improvements in speed, cost, and transparency for blockchain-based overseas remittances. The two sides will jointly develop digital wallet technology and an overseas remittance model, and expand their digital asset collaboration. They are currently in the second phase of testing on-chain fund transfers for markets including the United Arab Emirates and Thailand, and have introduced Ripple SaaS digital wallet Palisade to optimize the model.
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