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Sh Suhyup Bank joins InfiniteBlock prepaid funds verification solution pilot

Sh Suhyup Bank will take part in a pilot of InfiniteBlock’s blockchain-based solution for managing prepaid electronic payment instruments. The bank said on Oct. 7 it will join a financial regulatory sandbox consignment test of InfiniteBlock’s issuance and records management solution and run the pilot for 1 year. The system records and manages issuance and transaction data on a blockchain, enabling real-time verification of outstanding balances and deposits.