数字Tycoon
06/24 00:50
South Korean Banks Race Into Crypto as Overseas Users Abandon Traditional Remittance Rails
South Korea’s cross-border payments landscape is shifting fast as crypto exchanges process 163.55 trillion won ($125.8 billion) in 2025, a 380% rise since 2022, surpassing banks for the first time.
The growth is tied to cheaper and faster transfers used by overseas workers and traders.
Meanwhile, KBank, Toss Bank, and other institutions are actively integrating Ripple and Solana systems, while financial groups expand direct investments in crypto platforms.
South Korean banks are adjusting to a market where crypto-based remittance flows now exceed traditional bank transfers in total volume. The change is driven less by speculation and more by practical usage, especially among Koreans living abroad who prioritize speed and cost efficiency over legacy banking channels.
South Korean Banks Race Into Crypto Driven By Remittance Demand
Crypto exchanges in South Korea handled 163.55 trillion won ($125.8 billion) in cross-border transfers in 2025, compared with 34.02 trillion won in 2022. Traditional banks, meanwhile, reached 159 trillion won in foreign currency remittances, growing at a much slower pace of 20%. The gap highlights how users are migrating toward crypto rails for international payments, particularly in Southeast Asia and the Middle East where transaction costs matter most.
Ripple And Solana Become Core Infrastructure For Banks
KBank, which works with Upbit, is testing Ripple-based remittance tools that enable wallet-to-wallet transfers to regions such as the UAE and Thailand. Toss Bank is building settlement systems using Solana technology, focusing on reducing latency and improving transaction throughput for global payments. At the same time, banks like Hana Bank and securities firms are taking equity positions in crypto exchanges such as Dunamu, signaling a deeper structural link between traditional finance and digital asset platforms.
Regulatory negotiations continue as South Korea develops its Digital Asset Basic Act, aimed at setting licensing rules, capital thresholds, and compliance standards for the sector. A key tension remains between regulators over how stablecoins should be governed, with disagreement on issuance models and oversight authority.
Even with these discussions ongoing, institutional adoption is accelerating as banks embed blockchain systems into core remittance operations. The result is a payment environment where traditional rails and crypto networks increasingly operate side by side, but with growing preference toward blockchain-based efficiency.
This transition is also reshaping competitive dynamics across Asia-Pacific financial corridors, where cross-border payment providers are being forced to reduce fees, improve speed, and integrate blockchain-based settlement layers to retain users and maintain relevance in global money movement systems globally.
#World Cup Predictions: 100,000 USDT Daily#TradFi Trading Strategies Sharing Challenge#1$ Margin Trade
1Compartir
Todos los comentarios0Lo más recientePopular