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Finance

Woori Bank to serve as main bank for Korea Social Welfare Mutual Aid Association

Woori Bank will serve as the main bank for the Korea Social Welfare Mutual Aid Association and plans to expand financial support for social welfare workers. The bank said on Wednesday it signed a memorandum of understanding with the association. Under the agreement, Woori Bank will exclusively operate the association’s fund management system for the next 3 years, support stable fund operations and offer financial products and preferential benefits.

Crypto

XRP enters Ripple treasury; will real-time payroll settlement become possible?

Ripple has integrated XRP and RLUSD directly into its corporate treasury management system, raising the prospect of changes in corporate cash management and payroll. XRP community figure Chad Steingraber said crypto-based real-time payments could allow employees to be paid daily, hourly or even by the minute, with income tracked in real time on a blockchain. The integration aims to cut inefficiencies, unify fiat and digital asset balances, and support cross-border transfers, though broader payroll change would require further work.