Jeonbuk Bank adopts Ripple Payments for cross-border transfers as XRP dips below $1

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South Korea's Jeonbuk Bank has announced it will integrate Ripple's cross-border payment service to facilitate business remittances. The bank will leverage Ripple's round-the-clock international transfer infrastructure for its clients. Despite the partnership news, XRP's price slipped below the $1 mark. It remains unclear whether the transactions will be settled using XRP or Ripple's RLUSD stablecoin.

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