Woori Bank completes Cross-Border Transaction with Ripple’s DLT

Woori Bank completes Cross-Border Transaction with Ripple's DLT

South Korea’s Woori Bank has accomplished a cross-border transaction trail through the Ripple’s distributed ledger technology. The Digital Strategy Department of the bank intends to ‘commercialize’ its Ripple based transaction platform. The target is to eliminate the role of intermediaries involved in cross-border transactions.

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