| Mobile Web

NHN KCP handles stablecoin payments in about 1 second, adds cross-border remittance model

NHN KCP unveiled a model with Avalanche for stablecoin payments, on-chain settlement and cross-border remittances. It implemented a structure that reflects payment information in about 1 second and automatically transfers settlement funds hourly, and is reviewing links to existing payment agency and settlement infrastructure. The companies demonstrated four functions, including a merchant admin page and blockchain-based remittances, using PAYCO’s digital wallet.