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Two Ripple Partners Join Forces to Boost Global Remittance from South Korea

Wed, 12/07/2022 - 15:44
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Yuri Molchan
Two partners of Ripple have inked partnership to boost remittances from South Korea around world
Two Ripple Partners Join Forces to Boost Global Remittance from South Korea
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As stated in a press release published by IBS Intelligence, two companies that run on RippleNet, Currencycloud and SentBe, have joined forces to improve remittances from South Korea, helping customers have a better experience sending money abroad.

These companies are based in the U.K. and South Korea, respectively.

Thanks to this new collaboration, South Korean SentBe's customers will gain access to cheap FX. This will allow the company to grow and expand at a quicker pace into the Forex market globally. It will integrate APIs provided by Currencycloud into its tech of managing FX. Thus, its clients in Singapore and South Korea will be able to make faster transfers to the U.S., Canada, U.K., European Union and other major countries.

Besides, per the chief of SentBe, Alex Seongouk, this partnership with Currencycloud will enable his company to give clients a greater choice of solutions, which would include competitive FX rates. The integration of Currencycloud's technology has already landed SentBe more customers by offering them a more simple process of making transactions, including shorter times for making them.

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As covered by U.Today earlier this week, recently, global banking giant J.P. Morgan inked a partnership with Ripple partner Al Fardan Exchange LLC based in the UAE. Together, they plan to offer their clients value transfers conducted within a really short time.

Clients will be able to transfer fiat currencies USD, GBP, EUR and South African Rand (ZAR) to various parts of the world.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at