Bagikan artikel ini
Crypto Exchange Coinone Taps Ripple for New Remittance Service
A subsidiary of South Korean cryptocurrency exchange Coinone is turning to Ripple's xCurrent blockchain network for cross-border payments.
Oleh Sujha Sundararajan
South Korean cryptocurrency exchange Coinone is turning to Ripple's enterprise blockchain network for cross-border payments.
Coinone Transfer, an arm of the exchange that focuses on remittances, joined RippleNet on Monday, making it the first exchange in the nation to do so. The firm will be using xCurrent, one of Ripple’s three blockchain solutions, a press release states
STORY CONTINUES BELOW
Jangan lewatkan cerita lainnya.Berlangganan Newsletter Crypto Daybook Americas hari ini. Lihat semua newsletter
Citing World Bank data that shows that there has been an increase in volume of international remittances from South Korea over the past decade, the firm said it plans to launch a new remittance service called Cross to be powered by xCurrent. The product will target workers in South Korea who want to send funds back to family across Southeast Asia.
Wonhee Shin, CEO of Coinone Transfer, said the xCurrent solution allows the firm to offer customers a "real-time, low-cost global remittance service."
The news arrives a week after Muscat-based financial management firm Bank Dhofar become the first Oman bank to join RippleNet.
And back in in February, two banks and three money remittance companies from four different countries Brazil, India, Singapore and Canada adopted various Ripple platforms to facilitate real-time international payments.
Korean won and accounts image via Shutterstock
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
