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AI & Enterprise

Checkpoint Korea says AI security-first gains are taking shape, aims to expand firewall market share

Lim Hyun-ho (임현호), who took charge of Checkpoint Korea last November, said he aims to take an edge in AI security and use it to expand market share in firewalls. He said the company is seeing results and received high marks from customers during a proof-of-concept project last quarter. Checkpoint is focusing on its AI Defense Plane platform and AI-based CTEM solutions, while stepping up efforts to target the financial sector and invest in compliance infrastructure in Korea.

Crypto

Former Ripple CTO says XRP rebound hinges on wider financial adoption of XRPL

Former Ripple Chief Technology Officer David Schwartz said XRP demand and value are likely to rise if the XRP Ledger (XRPL) gains wider use in financial services. He said it was unlikely XRPL could be highly successful in financial applications while XRP lacked strong demand, unless one dominant settlement asset emerged. Participants also discussed the fee-burn mechanism, saying it was designed to prevent spam and had limited direct impact on price.

Crypto

Banks or non-banks? Last-minute tug of war over won stablecoin issuers

As discussions to institutionalise won-denominated stablecoins near the final stage, South Korea is debating how broadly to allow issuers. Authorities are consulting on issuer eligibility, reserve assets and redemption systems under the planned Digital Asset Framework Act. One option would allow issuance by consortia in which banks hold a majority stake. The Bank of Korea supports introducing private won stablecoins but stresses risks to financial markets and monetary policy as scale grows.