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      KB Kookmin Bank Introduces Blockchain-Based Payment Service for Trade

      KB Kookmin Bank has announced the launch of a new corporate payment service aimed at facilitating import and export transactions. This service will utilize Kinexys, a platform developed by J.P. Morgan, which operates on a Blockchain Deposit Account (BDA) network.

      The integration of this blockchain technology is expected to enhance the efficiency and security of cross-border payments for businesses engaged in international trade. By leveraging Kinexys, KB Kookmin Bank aims to streamline the payment process, reducing transaction times and costs associated with traditional methods.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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