KB Kookmin Bank to Launch Kinexys Cross-Border Corporate Payments in August

KB Kookmin Bank will launch cross-border corporate payments via JPMorgan's Kinexys blockchain network in August, becoming South Korea's first bank to use the platform for import-export settlements across 10 countries including the US, Saudi Arabia, and UAE, with initial support for USD transfers and integration with SWIFT for near-real-time settlement.

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