Ripple Eyes On Asian Market Through Partnership With Korean Fintech Companies

  • Ripple is looking forward expand its arms in the Asian market by team up with Korean fintech companies. The companies that will join the global payment network RippleNet include CoinOne, Sentby, and Hanpass.
  • The Director of global operations at Ripple, Emi Yoshikawa,┬ápenned in a written interview that Ripple has observed the rapid growth of Korean fintech companies after the government allowed small overseas remittance business in 2017.
  • Yoshikawa further added, recently, Ripplenet has joined CoinOne to expand its overseas network to the US, Canada, Australia and by doing so the company offered remittance and payment services in a second.

The US-based leading blockchain company Ripple is looking forward expand its arms in the Asian market by team up with Korean fintech companies. The companies that will join the global payment network RippleNet include CoinOne, Sentby, and Hanpass.

Korean fintech companies flagged in foreign currency-based overseas remittance

These startup companies have been authorized by the government and have achieved a growth in foreign currency-based overseas remittance countries and increase blockchain technology through RippleNet. On the other hand, Ripple believes a safe regional base to settle the RippleNet in Japan, Singapore, and Southeast Asia which are the prominent countries to offer services by Korean overseas remittance companies.

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Ripple operates over 300 financial institutions globally with its offices in Washington, DC, New York, London, Singapore, etc.

Ripple and Korean fintech startups joint synergy

The Director of global operations at Ripple, Emi Yoshikawa, penned in a written interview that Ripple has observed the rapid growth of Korean fintech companies after the government allowed small overseas remittance business in 2017.

Yoshikawa further added, recently, Ripplenet has joined CoinOne to expand its overseas network to the US, Canada, Australia and by doing so the company offered remittance and payment services in a second.

Since the law pertaining to virtual asset business launching in Korea from March next year, discussions are going on regarding a significant blockchain industry that should be built to balance technological innovation and investment protection.

Ripple and Korean Fintech startups are working together to exploit joint synergy.

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.

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