South Korea Pilots SWIFT-Replacement Program, Linked to Ripple

South Korea has launched a pilot program aimed at replacing the traditional SWIFT international payment system. The initiative involves prominent Korean companies POSCO, Hana Bank, and Dunamu. Dunamu, which owns the Upbit exchange, is linked to K Bank, a direct partner of Ripple. This connection indicates Ripple's involvement in South Korea's SWIFT-replacement effort.

Detected & updated continuously · Source: Nebula

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