This article was first published on: Insights – Ripple --

Coinone Transfer — a payments business and a subsidiary of Coinone — has joined RippleNet to use xCurrent, Ripple’s leading blockchain solution for cross-border payments and settlement.

Coinone, one of Korea’s largest digital asset exchanges, will be the first exchange in the country to leverage the power of RippleNet.

Coinone is a leader in the digital asset industry in Korea. As one of the largest exchanges in the country, it handles over $97 million in transactions per day. The company also understands that underlying blockchain technology has further applications, particularly for cross-border payments.

The exchange is also a member of the DAYLI Financial Group, and one of its subsidiaries, DAYLI Intelligence, signed a partnership with SBI Ripple Asia last year to bring Ripple’s blockchain solutions to the Korean market.

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