Ripple lands a Korean bank as Seoul moves to block Polymarket

South Korean regulators approved Ripple’s integration with the country’s banking system on the same day a media watchdog voted to cut off access to the prediction market Polymarket. 

South Korean regulators have joined a widening crackdown against Polymarket while approving Ripple’s partnership with Jeonbuk Bank. 

Jeonbuk Bank is Ripple’s first regional lender in Korea

Ripple (XRP) has announced that Jeonbuk Bank will run cross-border business remittances over Ripple Payments, making it the first regional lender in the country to adopt the service. 

Traditional transfers have to be routed between intermediary banks on the SWIFT network, and this process can make transactions take days to clear. However, Ripple offers a route that settles in seconds to minutes and runs around the clock. The service is aimed at the bank’s importers, exporters, IT startups and online content creators. 

Jeonbuk is Ripple’s third Korean partnership of 2026, following a tokenized government-bond trial with Kyobo Life Insurance and a custody and wallet deal with internet-only Kbank. 

… Continue reading the full article at the original source below.