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Crypto

K-STAR verifies blockchain-based digital local currency with BNK Busan Bank

K-STAR, a technology alliance for a won stablecoin-based digital currency infrastructure involving AhnLab Blockchain Company, said on Sunday it completed a proof of concept with BNK Busan Bank to verify blockchain-based payment and settlement infrastructure for digitising local currency. The project aimed to implement an end-to-end policy-based local currency with embedded conditions such as usage locations and validity periods, and to test operational feasibility in a real financial environment.

Finance

Shinhan Bank launches cross-currency overseas remittance for corporate clients

Shinhan Bank is launching a cross-currency overseas remittance service for corporate clients to improve convenience for overseas payments and global cash management. The service uses U.S. dollars during processing while paying recipients in local currency. It will be available at Shinhan Bank branches. The bank will support 11 currencies including the Taiwan dollar, Mexican peso, Malaysian ringgit and Philippine peso, and plans to expand to 27 currencies in July.

Crypto

MiniPay launches Visa debit card, allows stablecoin payments

MiniPay, Opera\'s stablecoin wallet service, has launched a Visa debit card and is seeking to expand real-world use of stablecoins. Cointelegraph reported the card will be available across parts of Africa, Latin America, Southeast Asia and Europe, allowing users to pay for goods and services with stablecoins. The card runs on Gnosis Pay infrastructure and lets merchants receive local currency via the Visa network. MiniPay is built on the Celo blockchain.