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Cryptopolitan 2020-02-27 03:34:07

Partnership with RippleNet reduces Korean transfer fees by 90 percent

Towards making it easier and reducing the amount people pay to make cross border transfer, several local Korean remittance firms have entered into a partnership with RippleNet. Ripple announced the partnership on Tuesday, 26 Feb. The Korean remittance firms, which are Sentbe, Hanpass, and WireBarley, entered the partnership with RippleNet aiming to reduce by 90% expensive charges local bank charge clients for cross border transactions. Emi Yoshikawa, Ripple’s Senior Director of Global Operations, said that Korea is an anchor point of fintech innovation. She said that they are committed to growing their client base and operation in the country too.

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