{"id":19562,"date":"2026-04-27T08:12:36","date_gmt":"2026-04-27T08:12:36","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/04\/27\/south-koreas-kbank-trials-onchain-remittances-with-ripple-partnership\/"},"modified":"2026-04-27T08:12:36","modified_gmt":"2026-04-27T08:12:36","slug":"south-koreas-kbank-trials-onchain-remittances-with-ripple-partnership","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/04\/27\/south-koreas-kbank-trials-onchain-remittances-with-ripple-partnership\/","title":{"rendered":"South Korea\u2019s KBank trials onchain remittances with Ripple partnership"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2024\/12\/crypto-news-South-Korea-judge-court-option02.webp\" \/><\/p>\n<div>\n<p>South Korea\u2019s internet-only lender KBank has entered into a strategic partnership with Ripple to test blockchain-based cross-border remittances.<\/p>\n<div id=\"cn-block-summary-block_9f4665b01c2d00567d2e9dd8481924c7\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>KBank has partnered with Ripple to test blockchain-based cross-border remittances through a multi-phase proof of concept.<\/li>\n<li>Testing has moved to a virtual environment where on-chain transfers are being assessed across corridors, including the UAE and Thailand, according to local media reports.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to multiple local media <a href=\"https:\/\/www.news1.kr\/finance\/general-finance\/6149628\" target=\"_blank\" rel=\"nofollow\">reports<\/a>, the collaboration focuses on a proof-of-concept designed to measure improvements in transaction speed, cost efficiency, and transparency using Ripple\u2019s global blockchain network.<\/p>\n<p>Having completed an initial phase, the two firms verified a wallet-based remittance system through an app interface. In the ongoing second phase, reports state that testing has moved to a virtual environment where on-chain transfers are being assessed for stability across corridors, including the UAE and Thailand.<\/p>\n<p>For this stage, KBank is using Ripple\u2019s Palisade platform, a software-as-a-service wallet solution that, according to the same reports, meets international security standards.<\/p>\n<h2 class=\"wp-block-heading\">Testing expands as regulatory backdrop evolves<\/h2>\n<p>Set against South Korea\u2019s upcoming Digital Asset Basic Act, the partnership adds to a growing list of tie-ups between domestic financial institutions and blockchain firms.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Earlier in April, Ripple <a href=\"https:\/\/crypto.news\/ripple-and-kyobo-life-partner-to-modernize-bond-markets-in-south-korea\/\" target=\"_blank\">partnered<\/a> with Kyobo Life Insurance to support tokenized government bond transactions through its custody platform.<\/p>\n<p>Beyond the proof-of-concept stage, local reports indicate that the KBank partnership could extend into live remittance services and other digital asset initiatives.<\/p>\n<p>As the sole banking partner of Upbit, KBank plays a central role in enabling fiat-to-crypto access under local rules that require exchange users to hold verified bank accounts.\u00a0<\/p>\n<p>The Upbit relationship has driven user growth, with KBank\u2019s customer base rising from about 2 million in 2020 to 15 million by the end of last year, according to the reported figures.<\/p>\n<p>As previously <a href=\"https:\/\/crypto.news\/ripple-plans-quantum-resistant-xrp-ledger-by-2028\/\" target=\"_blank\">reported<\/a> by crypto.news, Ripple recently outlined a four-phase roadmap to secure the XRP Ledger against future quantum computing risks, with Ayo Akinyele stating the threat has moved \u201cfrom theoretical to credible\u201d and now requires timely preparation.<\/p>\n<p>The plan targets full post-quantum cryptography implementation by 2028, while Phase 2 testing is already underway in 2026, where Ripple\u2019s cryptography team is evaluating NIST-standardised algorithms under live network conditions, including performance impacts on storage, bandwidth, and throughput.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/south-koreas-kbank-trials-onchain-remittances-with-ripple-partnership\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s internet-only lender KBank has entered into a strategic partnership with Ripple to test blockchain-based cross-border remittances. Summary KBank has partnered with Ripple to test blockchain-based cross-border remittances through a multi-phase proof of concept. Testing has moved to a virtual environment where on-chain transfers are being assessed across corridors, including the UAE and Thailand, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-19562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=19562"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/19252"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=19562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=19562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=19562"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=19562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}