Bank of Korea to launch cross-border enterprise payment service based on Kinexys in August

Bank of Korea announced the launch of a cross-border enterprise payment service based on the Kinexys blockchain network in August. The service initially supports US dollar (USD) remittances and covers 10 countries including the United States, Saudi Arabia, Qatar, and the United Arab Emirates, shortening the time for cross time zone payments with regions such as the United States and the Middle East.