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Finance

Shinhan Bank runs 100 percent exchange rate discount event for receiving trade remittances

Shinhan Bank said on Sunday it is running an event from April 20 offering a 100 percent exchange rate discount to small and medium-sized companies and sole proprietor customers when they receive trade remittances. The bank said the program is aimed at easing financial burdens and improving convenience for customers newly starting trade transactions or with no recent foreign exchange remittance history at Shinhan Bank. The event runs through Oct. 19 and applies to 23 currencies.

Crypto

SG-FORGE deploys EURCV stablecoin on Stellar blockchain

Societe Generale\'s crypto unit SG-FORGE has deployed its euro-based stablecoin EUR CoinVertible (EURCV) on the Stellar blockchain, Cointelegraph reported on March 10. EURCV is a MiCA-compliant euro token intended for blockchain-based financial applications and asset services. SG-FORGE highlighted Stellar\'s throughput, low fees and support for tokenised assets, and said on-chain trading is possible via Stellar\'s decentralised exchange.

Games & Commerce

Cafe24, Global-e sign MOU to help online merchants expand global sales

Cafe24 said on March 9 it signed a strategic memorandum of understanding with Global-e to support online merchants on its platform in expanding overseas sales. The companies will explore offering Global-e’s cross-border e-commerce solutions, including merchant-of-record services, local payment methods, local currency display, estimated duties and taxes, and overseas settlement. Global-e is a Nasdaq-listed D2C e-commerce company operating in more than 200 countries.