Ripple Payments Adopted by South Korean Bank

Jeonbuk Bank, a regional South Korean lender, has adopted Ripple Payments for cross-border transactions.

Alex Dovbnya · 18 Aug 2026 · 4 min read

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Ripple Payments Adopted by South Korean Bank

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By
Alex Dovbnya

Tue, 18/08/2026 – 4:31

Jeonbuk Bank, a regional South Korean lender, has adopted Ripple Payments for cross-border transactions.

Ripple Payments Adopted by South Korean Bank

Cover image via depositphotos.com

XRP not mentioned
Ripple’s Asian strategy

Jeonbuk Bank, a regional South Korean bank, has ditched the SWIFT network and adopted Ripple Payments for increasing efficiency, according to an Aug. 18 announcement.

The San Francisco-headquartered firm has now secured its third Korean partnership this year.

XRP not mentioned

Ripple Payments combines a network of payout partners and payment rails with blockchain. It can operate 24/7 and provide liquidity outside normal banking hours. Its current Asia-Pacific infrastructure supports KRW payouts.

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Ripple integrated RLUSD, the highly regulated stablecoin, into Ripple Payments in 2025.

Ripple’s Asian strategy

Earlier in 2026, Ripple partnered with Kbank, Korea’s first internet-only bank. The deal made it possible for Kbank to deploy digital-asset wallet infrastructure through Ripple Custody.

That was followed by Ripple’s partnership with Kyobo Life Insurance in April. The companies have been testing blockchain-based infrastructure to reduce settlement times.

Ripple also partnered with South Korean institutional custody firm BDACS in 2025. BDACS said it would use Ripple Custody to provide institutional custody infrastructure for RLUSD as well as XRP.

Ripple has been building a broader Asia-Pacific footprint. In 2025, it committed more than $5 million in additional University Blockchain Research Initiative funding across APAC. In June 2026, Ripple and SBI Holdings launched RLUSD in Japan after receiving approval from the Japan Financial Services Agency.

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