This demonstration experiment will be the first case of overseas remittance of won-denominated digital assets in Korea.
The pilot project will verify the possibility of reducing costs, shortening processing times, and ensuring payment stability compared to conventional international remittances.
Prior to this, Shinhan Bank announced that it had signed a memorandum of understanding with Japan's Progma, Korea's FairSquareRap and Korea Ethereum to build a next-generation global remittance and economic system using digital assets.
Shinhan Bank participated in the Pax Project hosted by the Korea Digital Asset Trust (KDAC). Meanwhile, Shinhan Bank is planning to use the virtual currency Hedera Hashgraph in 2021 and 2023.
I have tested international remittances using this service.
2025/04/10 19:01 KST
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