South Korean Bank Trials Ripple for Overseas Remittance

South Korea's Woori Bank has supposedly finished a cross-outskirt settlement test utilizing the dispersed record innovation (DLT) created by San Fransisco-based startup Ripple.

As per nearby business media source ChosunBiz, the finish of the trial lands as the bank's Digital Strategy Department uncovers intends to popularize the Ripple-based stage this year.

Of-late, SBI Ripple Asia - a joint wander amongst Ripple and money related goliath SBI - said in September a year ago that it would start testing traverse Ripple's answer amongst Japanese and South Korean banks before the finish of 2017.

Agreeing the September report, the gathering included eminent banks from Japan, including Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group.