Key facts
- Jeonbuk Bank is partnering with Ripple for cross-border payments.
- The partnership aims for faster and cheaper overseas transfers.
- Details on launch status, settlement assets, and corridors are undisclosed.
- SBI VC Trade is launching a Bitcoin leveraged trading campaign in Japan.
- SBI VC Trade is a subsidiary of SBI Holdings.
- The campaign reduces the BTC/JPY trading spread from 5,000 yen to 3,333 yen.
- The trading campaign is for a limited time.
Jeonbuk Bank, a financial institution in South Korea, is preparing to integrate Ripple's cross-border payment system for its business clientele. The primary objective of this collaboration is to facilitate faster and more cost-effective overseas money transfers for its customers. Specifics regarding the deployment timeline, the types of assets that will be used for settlement, and the specific international corridors that will be supported have not yet been disclosed.