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Korea's Jeonbuk Bank to deploy Ripple Payments for cross-border remittances

Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced a partnership with Jeonbuk Bank, making it the first regional bank in Korea to deploy Ripple Payments for cross-border remittances, bringing near real-time settlement to businesses that have historically relied on transfers taking days to complete.

We haven't written up this one. Finextra has the full story — the link below goes straight to it.

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Chinese treasury futures launch cements Hong Kong as premier yuan hub

Chinese treasury futures launch cements Hong Kong as premier yuan hub

When the Hong Kong stock exchange launched five-year China government bond futures on August 3, it did more than simply expand the city’s derivatives product suite. As the only China government bond futures in the offshore market, the contract deserves attention as it finally gives international investors an exchange-traded tool to hedge…

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