Top Korean Banks Work with Ripple to Send Payments

The ability to send money globally in real time has caught fire in the international financial industry. Large banking groups, such as the Japan Bank Consortium, are leading the charge. The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion. This initiative will be the first time money moves from Japan…