KBank and Ripple Test Blockchain Remittances Ahead of New Regulations
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1 hour ago
Should l Buy TRAC?
- Technical Trials Initiated: KBank and Ripple have launched a blockchain remittance technical trial aimed at assessing the speed, cost, and transparency of distributed ledger systems in international money transfers, which is expected to significantly enhance cross-border payment efficiency and help banks maintain competitiveness under the forthcoming digital asset regulatory framework.
- Initial Validation Successful: During the initial phase, engineers verified a wallet-based remittance system, successfully enabling users to initiate and complete transfers through an application interface, indicating that blockchain integration can reduce reliance on traditional settlement channels and laying the groundwork for subsequent complex evaluation stages.
- Cross-Border Testing Expansion: In the ongoing phase, KBank and Ripple are focusing on system stability under simulated cross-border transactions, testing corridors linking South Korea with markets such as the UAE and Thailand while analyzing transaction consistency under varying network conditions to ensure compliance with international security standards.
- Strategic Partnership Deepening: This collaboration extends beyond technical aspects, as successful test results could lead to the integration of blockchain remittances into KBank's live services, further advancing the bank's strategic positioning in the digital asset space and reflecting a broader trend of blockchain adoption among South Korean financial institutions.
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Technical Analysis for TRAC
Technical Sentiment Analysis for OriginTrail (TRAC). As of , OriginTrail (TRAC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRAC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRAC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OriginTrail (TRAC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.161 | 0.219 | 0.258 | 0.316 | 0.354 | 0.413 | 0.451 |
| Fibonacci | 0.219 | 0.256 | 0.279 | 0.316 | 0.353 | 0.376 | 0.413 |
About TRAC
OriginTrail is an ecosystem building a trusted knowledge infrastructure for artificial intelligence. It addresses the challenge of misinformation in the AI era by ensuring the origin of information and enabling discoverability of the world's most important knowledge and real world assets (RWAs).OriginTrail is creating a Verifiable Web for decentralized AI by empowering world class brands and builders. It utilizes its unique Decentralized Knowledge Graph and OriginTrail Parachain to deliver AI-powered search and solutions for enterprises and individuals worldwide.OriginTrail has gained support and partnerships with world-class organizations such as British Standards Institution, SCAN, Polkadot, Parity, Walmart, World Federation of Hemophilia, Oracle, and the EU Commission's Next Generation Internet. These partnerships contribute to advancing OriginTrail's trusted knowledge foundation and its applicability in trillion-dollar industries, while providing a verifiable web of knowledge important in particular to drive the economies of RWAs.The best way to see the technology in action is by checking ChatDKG, which is an experimental, question answering bot on X (Twitter) based on trusted Knowledge Assets in OriginTrail Decentralized Knowledge Graph. The ChatDKG provides answers based on OriginTrail trusted AI.The Metcalfe phase of the updated roadmap pursues an ambitious goal of creating the world’s largest verifiable web for AI consisting of 100 billion Knowledge Assets, bringing a 100.000x scalability increase. As the name of the phase suggests, it will seek to produce network effects across the OriginTrail DKG and use novel techniques to pursue autonomous DKG growth based on the genesis knowledge foundation being created by organizations and individuals alike. The genesis part of the Metcalfe’s phase also introduces knowledge mining and knowledge signaling capabilities to drive constant growth of the Verifiable Web.Following the Genesis stage and the transition to an AI-native V8, further capabilities will become available in the Convergence stage. By leveraging the advancements in AI and the DKG, we will unlock autonomous knowledge mining which in turn leads to an autonomous DKG. At that stage, new knowledge gets added to the DKG with very limited human involvement. Services such as AI agents will be performing knowledge inferencing directly on the DKG to find any “blind spots” in the knowledge they can fill as well as search for new knowledge and bring it to the DKG in accordance with knowledge signaling.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
