South Korea’s KB Kookmin Bank to launch cross-border payment service on JPMorgan’s Kinexys: report
The Block·
60-second summary
South Korea's KB Kookmin Bank is set to launch a blockchain-based cross-border corporate payments service next month, utilizing JPMorgan's Kinexys platform, as reported by Yonhap. The new service aims to simplify and speed up international transactions, potentially reducing costs and increasing efficiency for corporate clients, further expanding the adoption of blockchain technology in the financial sector.
The largest bank in South Korea plans to launch a blockchain-based cross-border corporate payments service next month, according to Yonhap.