Insight Korea reported that Kbank has partnered with blockchain company Ripple to demonstrate next-generation overseas remittance technology. Kbank announced on the 27th that it recently established a strategic partnership with Ripple at its Seoul headquarters. The core of this collaboration is to verify the effectiveness of a blockchain-based remittance structure. Kbank plans to leverage Ripple's global payment network and infrastructure to examine potential improvements in terms of remittance processing speed, cost structure, and transaction transparency.
