KB Kookmin Bank to Launch Blockchain Cross-Border Payment Service | Intellectia.AI

KB Kookmin Bank will launch a blockchain-based cross-border payment service in August using JPMorgan's Kinexys network, initially supporting USD transfers across 10 countries including the US, Singapore, Saudi Arabia, and the UAE. The service will integrate with SWIFT to enable near-instant payments and reduce transaction costs for import-export businesses.

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