Search results for KSNET
Crypto
Shinhan Bank completes pilot of stablecoin medical bill payment and settlement for foreign patients
Shinhan Bank completed a pilot of a payment and settlement structure in which foreign patients pay medical bills in stablecoins and South Korean medical institutions receive funds in won. The pilot, conducted with payment service provider KSNET, used limited trial transactions at a Seoul medical institution through an overseas stablecoin simple payment service. Shinhan checked whether it could link financial infrastructure for receiving incoming funds and settling in won, while keeping domestic participants from holding or trading digital assets.
Crypto
Lambda256 launches digital asset-linked settlement verification project with K Bank and KSNET
Lambda256, a Dunamu affiliate and blockchain company, said on July 7 it has begun a proof of concept with K Bank and KSNET on a digital asset off-ramp and on-chain AML and fraud detection technology. The project tests whether financial institutions can operate a model that converts settlement funds into won after digital asset payments. It covers FX application, settlement request creation, AML/FDS checks, payout approval, on-chain settlement and monitoring with suspicious transaction reporting.
AI & Enterprise
Lambda256, KSNET team up to build stablecoin payment infrastructure
Blockchain technology company Lambda256 said on Tuesday it signed a strategic memorandum of understanding with integrated payment services company KSNET to cooperate on building payment infrastructure using stablecoins and on Web3 business initiatives. The partnership focuses on verifying the feasibility of a stablecoin-based payment model by combining KSNET\'s online and offline payment network with Lambda256\'s blockchain technology. Lambda256 will design on-chain payment processes and operate blockchain node infrastructure centered on its SCOPE platform.
