Ripple strikes three new deals in South Korea to improve remittances

Ripple has added three new customers in South Korea who will utilize its blockchain-based payments network RippleNet.

The deals have been signed with money transfer firms Sentbe, Hanpass and WireBarley, Ripple announced Tuesday. These firms aim to facilitate faster and cheaper cross-border payments via RippleNet.

Sentbe focuses on the South-and Northeast Asia corridor, including the Philippines, Indonesia, Vietnam, Japan and China; Hanpass focuses on South Korea; and WireBarley provides services in the Australian corridor, as well as New Zealand, Hong Kong, Japan and South Korea.

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