KBank Taps Ripple to Test Blockchain-Based Cross-Border Payments

Highlights:

• South Korea’s KBank partners with Ripple to test blockchain-based international payment transfers.
• The two-phase test includes on-chain remittances to the UAE and Thailand markets.
• KBank aims to make overseas transfers faster, cheaper, and more transparent using blockchain. 

South Korea’s internet-only bank KBank has signed a strategic partnership with Ripple to explore blockchain-based overseas remittances. The deal was announced on Monday, after a signing ceremony at KBank’s headquarters in Seoul.

Advertisement

KBank CEO Choi Woo-hyung and Ripple’s Asia-Pacific Managing Director Fiona Murray attended the event, along with senior officials from both companies. Through the partnership, KBank plans to test a payment system that can make international transfers faster, cheaper, and more transparent.

🇰🇷 S.KOREA'S KBANK PARTNERS WITH RIPPLE FOR GLOBAL PAYMENTS

South Korea’s internet-only bank KBank has teamed up with Ripple to work on a proof-of-concept for onchain cross-border transactions.

The goal is faster, cheaper, and more transparent international payments by cutting… pic.twitter.com/QOnQkjiMIR

— Coin Bureau (@coinbureau) April 27, 2026

KBank Tests Ripple’s Blockchain for Faster Overseas Transfers

The partnership is centered on a proof of concept (PoC), which means KBank and Ripple are testing the system before any full launch. The aim is to see whether Ripple’s blockchain network can improve overseas money transfers for KBank.

International payments usually pass through several banks and payment networks. This can make transfers slower and more expensive. KBank wants to see whether blockchain can reduce those extra steps and help money move faster at a lower cost.

KBank is testing the project in two phases. In the first phase, it tested transfers through a separate app using its own digital wallet. The second phase is now underway and is more advanced. It connects customer accounts with KBank’s internal banking systems in a test environment to check how stable and reliable the technology is.

KBank is also testing on-chain transfers with partners in the United Arab Emirates and Thailand. The bank has already signed memorandums of understanding in those markets for stablecoin-based transactions. In this phase, KBank will use Ripple’s software wallet, Palisade, instead of its own wallet. Palisade is designed to support faster setup, easier compliance, and wider use.

Ripple’s Asia-Pacific Managing Director Fiona Murray welcomed the deal. “We are pleased to partner with K Bank, which has helped set the standard for digital banking in Korea and continues to drive innovation,” she said.

KBank CEO Choi Woo-hyung also made the bank’s objective clear. “This partnership will help strengthen K Bank’s competitiveness in blockchain-based overseas remittance technology,” he said.

KBank hopes the partnership will give it access to Ripple’s global payment network and blockchain tools for faster, cheaper, and more transparent overseas transfers.

Why KBank Chose Ripple

Ripple is already a known name in blockchain payments. The company was founded in 2012 and runs Ripple Payments, a global network used by more than 100 financial companies worldwide.

Ripple has also expanded into stablecoins with RLUSD, its U.S. dollar-backed digital token. Stablecoins usually track assets like the dollar, so users can send and receive value without the sharp price swings often seen in crypto. Ripple has also applied for a U.S. Trust bank charter, and regulators are still reviewing the application. 

Advertisement