Ripple remittance apps launch in Korea, Kuwait

Coinone Transfer, a subsidiary of major Korean cryptocurrency exchange Coinone, has joined RippleNet and is using Ripple’s cross-border payment solution xCurrent. It is the first digital asset exchange in Korea to partner with RippleNet. Separately Kuwait’s biggest bank, the National Bank of Kuwait has also launched a remittance app using RippleNet.

Korea

A new remittance service, titled “Cross,” offered to Coinone Transfer’s retail customers aims to meet growing demand in Korea for faster and cheaper payments and cross-border transfers. The Cross service is live and so far enables transfers to Thailand (via Siam Commercial Bank) and the Philippines (via Cebuana Lhuillier). Going forward the plan is to allow Cross customers to transfer money to family and friends across Southeast Asia.

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