Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP Cooperation between Ripple and Jeonbuk Bank: Is XRP recognized as a settlement asset?
Yahoo Finance and CoinTurk News in English reported on Ripple's transaction with Jeonbuk Bank, but there were differences on whether XRP was confirmed as a settlement/bridging asset.
Consensus of all parties
Ripple announced on August 18 that it had reached an agreement with Jeonbuk Bank. Jeonbuk Bank is the first regional bank in South Korea to deploy the Ripple payment system. The transaction involves cross-border money transfer services for corporate customers and will replace SWIFT based transfers. This is Ripple's third institutional agreement reached in South Korea in 2026. It has previously signed cooperation with Education Insurance Life Insurance and Kbank. Before and after the news was announced, the XRP price fell below US$1.
Report divergence points
1. Whether XRP's role as a settlement/bridging asset in Jeonbuk Bank transactions was disclosed or confirmed
Ripple signed a contract with Jeonbuk Bank, making it the first regional bank in South Korea to use the Ripple payment system, but neither party disclosed XRP as a settlement asset. It has been reported (August 19, 2026, 14:37) that in these collaborations, XRP serves as a bridging digital asset to promote rapid settlement between different currencies. There is another report that (August 19, 2026, 16:36), the relevant terms have not yet been clarified.
How to confirm
Assets that need to be clearly specified for settlement in Ripple's official statement or the terms of the Jeonbuk Bank Agreement.
Conclusion
The existence and structure of the payment transaction between Jeonbei Bank and Ripple has been confirmed, but any suggestion that XRP was used as a settlement or bridge asset in this particular transaction will be deemed unconfirmed until a direct statement by Ripple or Jeonbei Bank.
