KB Kookmin Bank to Launch JPMorgan Blockchain Payment Service

KB Kookmin Bank will launch JPMorgan's Kinexys blockchain payment service for importers and exporters across 10 countries, starting with USD remittances through its South Korean and Singapore branches. The service processes cross-border payments in near real-time on a 24/7 basis and integrates with SWIFT, marking the first deployment of Kinexys by a South Korean bank for trade payments.

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