Search results for PayProtocol
Finance
P2P lenders gain momentum as rules ease; financial CEO appointments gather pace
Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.
Crypto
Danal\'s PayProtocol, Squid cooperate on multichain payment and settlement infrastructure
Danal’s virtual asset payments firm PayProtocol is teaming up with global cross-chain infrastructure company Squid to build a system that allows digital assets on various blockchain networks to be used for payments and settlement at PayCoin affiliates. The companies signed a strategic agreement to connect the PayCoin mainnet and build multichain payment infrastructure. They will run a proof of concept to link PayCoin’s private-chain mainnet with external networks and assess commercialisation.
Finance
Danal posts 115.4 billion won first-half revenue, eyes global payments and stablecoin expansion
Danal said in a filing on Thursday it posted first-half revenue of 115.4 billion won and operating profit of 3.0 billion won on a consolidated basis. On a separate basis, it reported revenue of 92.8 billion won and operating profit of 6.9 billion won. The company expanded its payments business, increased transactions in retail, culture and leisure, and continued investment in new businesses including stablecoins and a foreigner payment platform.
