Revolutionary Stablecoin Trial: Shinhan Bank Transforms Korea-Japan Remittances

Quick Summary:

In a groundbreaking move that could redefine how we send money across borders, South Korea’s Shinhan Bank has embarked on a pilot project to test stablecoin-based remittances between Korea and Japan.

This initiative, dubbed the “Pax” project, marks a significant step forward in leveraging digital assets for more efficient and cost-effective international money transfers.

Shinhan Bank’s pilot project is not just about showcasing benefits; it’s also about rigorously testing and understanding the obstacles.

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Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets: IndiaJapanSouth Korea

Topics: Crypto News Remittances Shinhan Bank Korea japan Stablecoins Digital Payments

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 09:40:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 27771300

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Main Topics: Crypto

Official Website: bitcoinworld.co.in

Year Established: 2020

Headquarters: India

News Last Updated: 2 days ago

Coverage Areas: India

Ownership: Independent Company

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