CoinDesk·3 min read·medium
XRP sinks below $1 for first time since 2024 as Korean bank adopts Ripple Payments
S
Shaurya Malwa
✦AI Summary
XRP's price has fallen below $1 despite Ripple securing a new partnership with South Korea's Jeonbuk Bank for cross-border payments. The disconnect between institutional adoption and token price performance remains a notable trend for the asset.
The slide came as Ripple, the payments company closely associated with XRP, announced its third Korean partnership of the year, with Jeonbuk Bank becoming the first regional bank in the country to deploy Ripple Payments for cross-border transfers.
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