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- KBank and Ripple are using multi-level proof of concept to test whether blockchain can improve the speed, cost and transparency of money sent across borders.
- The second phase is now testing the sustainability of the remittance chain in the implementation, including the UAE and Thailand delivery corridors.
South Korea’s KBank is going deep based on the blockchain testing the currency through a new partnership with Ripple, a step that shows the bank sees onchain stability as a hypothetical upgrade to cross-border payments.
According to reportThe two companies are creating a proof of concept designed to test whether Ripple’s blockchain can improve the speed of money transfers, reduce costs and make transfers transparent.
This project has already passed beyond the initial knowledge stage. KBank and Ripple are said to have completed the first phase where they confirmed the method of sending money from the wallet. The project is now in the second phase, where the partners are testing the sustainability of remittances in virtual environments by connecting customer accounts and internal systems more closely to onchain payment systems.
UAE and Thailand are part of the test corridors
The preparation of the second phase is not limited to domestic comparisons. Reports say that the partners are particularly examining transfers to countries including the United Arab Emirates and Thailand, two corridors that could provide a useful test of whether blockchain standardization can reduce friction by reducing the role of middlemen banks.
This is important because blockchain deployment costs have always depended less on logic than on operational benefits. If a bank can move money quickly, with clear tracking and fewer intermediaries, value propositions are easier to defend within a well-regulated financial institution.
Ripple’s Palisade wallet is part of a live test
For the second authentication step, KBank is using Palisade, Ripple’s software-as-a-service digital wallet. Local reports say the product was chosen in part because it already meets international security standards and offers a faster way to deploy people than a conventional wallet and key tracking system in-house.
For Ripple, this agreement adds another proof of banking in Asia. For KBank, tests are more practical than symbolic. It’s a way to see if blockchain railways can improve money transfers in areas where speed, traceability and cost are critical.
