Korean Bitcoin Exchange Leads FinTech Consortium with Partner Banks for Blockchain Development

South Korean bitcoin exchange Coinone is leading a FinTech consortium with five financial institutions toward the development of blockchain solutions.

Announced this week, Coinone has roped in a handful of financial institutions to jointly develop financial services solutions using blockchain technology.

The consortium’s launch sees five members including Woori Bank, a nationwide banking institution; Shinhan Card, one of Korea’s largest credit card operators; Lotte Card, a finance company that also offers credit card services; Daishin Securities, an investment and securities banking company and; KICC, a prominent payment solutions provider in Korea.

The consortium has been promoting blockchain-based financial services in a changing industry that is increasingly reliant on digital commerce via internet-based services.

The announcement lays out a list of priorities for the Coinone-led FinTech consortium.

They read:

  • The development and deployment of FinTech using blockchain.
  • The establishment of new FinTech services for every consortium member in their own platforms.
  • The coordination of communication with institutional and supervisory authorities.

In roughly translated statements, Kang Myung-hoon, CEO of bitcoin exchange Coinone stated:

Through the establishment of this financial consortium, we have

Read more ... source: CryptoCoinsNews

News from Darknet

Let's block ads! (Why?)

Powered by Bitcoin Central