Crypto

NHN KCP rolls out 2-second payments in race to commercialise stablecoin payments

NHN KCP is moving to test the commercial feasibility of stablecoin-based payments. The company is running a proof of concept tied to its Payco easy-payment service, covering both online gift certificate purchases and offline payments at facilities at its headquarters. It is also building a blockchain-based payment ecosystem through a payment-focused mainnet developed in cooperation with the Avalanche blockchain platform.

Finance

Shinhan Investment Securities secures stake in U.S. exchange 24X to strengthen U.S. stock infrastructure

Shinhan Investment Securities has secured a stake in U.S. exchange 24X and is moving to strengthen the competitiveness of its U.S. stock business. The company said on May 21 it will expand its U.S. stock business base through the stake in 24X US Holdings. It signed an MOU with 24X in October last year and has pursued strategic cooperation, including an equity investment.