One of the oldest banks in South Korea, Shinhan Bank, has revealed it will launch a cryptocurrency remittance service using Bitcoin. A joint effort between the bank and Streami Inc. will oversee the cross-border service between Korea and China.
https://news.bitcoin.com/south-korean-b ... r-bitcoin/
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jamie.redman1
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iFixBTCmemoryIssues
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Re: South Korean Bank Creates Cross-Border Bitcoin Service
Pretty cool that they plan to legalize and regulate by 2017!One of the oldest banks in South Korea, Shinhan Bank, has revealed it will launch a cryptocurrency remittance service using Bitcoin. A joint effort between the bank and Streami Inc. will oversee the cross-border service between Korea and China.
https://news.bitcoin.com/south-korean-b ... r-bitcoin/
I would assume it has been working well for Japan, we don't hear about any problems, which is a good thing!
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Re: South Korean Bank Creates Cross-Border Bitcoin Service
Would boost and benefit Korea quite well.Korea has over 800,000 foreign workers. With just foreign workers alone, Korean remittance services processed 840,000 transactions (4.4 billion USD) per annum.
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