Search results for GBP
Crypto
Coinbase lists pound-pegged stablecoin tGBP, expands UK push
Coinbase has listed tGBP, a pound-pegged stablecoin issued under the UK Financial Conduct Authority framework, on its global platform. The token is issued by BCP Technologies and is backed by cash and short-term UK government bonds, redeemable 1 to 1 for pounds. Coinbase opposed requiring systemically important issuers to hold 40 percent of reserves as non-interest-bearing central bank cash and criticised issuance caps.
Finance
Toss Bank offers overseas remittance customers fee waiver and 50,000 won cashback promotion
Toss Bank said on Tuesday it will run an overseas remittance promotion through March 31 for customers who send money abroad through the bank. The bank will waive the 3,900 won fee per transfer, with no limit on the number of discounted transfers per person, regardless of the amount. It will also pay 10,000 won cashback for transfers of $5,000 or more, up to five times per person, including eligible non-USD transfers.
Finance
Internet banks cut fees, boost speed to target overseas remittances
South Korea\'s internet-only banks including K Bank, Toss Bank and KakaoBank are pushing into the overseas remittance market by competing on fees, speed and user experience. The government has unified the documentation-free remittance limit across financial sectors at $100,000 and scrapped the designated transaction bank system, expanding consumer choice. Toss Bank launched a new service with 3,900 won fees and faster delivery. K Bank cut transfer fees to 4,000 won until June 30 and added tracking tools. KakaoBank waived receiving fees and offers cumulative management.
