Important Ripple News and XRP Price Update: August 19

Although the past week was quite unpleasant for XRP token holders in terms of price action, the company behind the asset made a few significant moves.

Additionally, there’s more information on the XRP whale activity, which has shown a clear uptick. We will review all of that and much more, so let’s dive in.

Big Partnership

We kick things off with a fresh announcement from yesterday, which stated that Ripple collaborated with Jeonbuk Bank to begin the first deployment of Ripple Payments in South Korea to enable faster cross-border remittances.

The partnership aims to expedite international transfers for businesses and reduce delays associated with traditional banking methods.

“With this partnership with Ripple, JB Jeonbuk Bank is ready to move beyond its role as a regional bank and emerge as a digital finance leader that meets global standards. This partnership will become a new growth engine for the bank, and we will lead innovation that reshapes the financial paradigm, going beyond the adoption of new technology,” commented Jeonbuk Bank’s President, Park Choon-won.

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