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CATEGORY: shinhan bank


Low-Cost Stablecoin Remittance Brings Financial Inclusion Closer

Author: Aishwarya shashikumar
Estonia
Jul 20, 2023 02:30

Low-Cost Stablecoin Remittance Brings Financial Inclusion Closer

Shinhan Bank, based in South Korea, has successfully concluded a feasibility test centered on stablecoin remittance payments. The test utilized Hedera’s distributed ledger technology, with the primary objective of addressing the challenges associated with cross-border payments. These challenges primarily include exorbitant fees, extended settlement durations, and the absence of tracking capabilities. Collaborating with SCB TechX, […]

Jul 18, 2023 06:55

Shinhan Bank and SCB TechX Achieve Milestone with Successful Stablecoin Remittance Pilot on Hedera Network


Shinhan Bank, SCB TechX, and Taiwan's largest financial institution have successfully completed a stablecoin remittance proof-of-concept (PoC) pilot on the Hedera network, as announced on July 18th, 2023. (Read More)

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