JB Bank to launch Ripple remittance service in Southeast Asia in December
Prefer us on GoogleJB Bank in South Korea will launch a personal overseas remittance service for Southeast Asia, including Vietnam and the Philippines, in December in partnership with Ripple. The bank has been negotiating with Ripple on overseas remittances since last year and signed a Ripple Payments agreement in August. JB Bank team leader Yoon Man-sik stated that the bank is developing a system for personal and corporate overseas remittances and may expedite the launch of its corporate remittance service if personal transfers are successful. Additionally, the bank is considering a stablecoin-based remittance service in the first half of next year, pending the establishment of a legal framework for digital assets.
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