Major banks Establish Alliance With Blockchain Firms

Major banks Establish Alliance With Blockchain Firms

Four major banks in South Korea, KB Kookmin, Shinhan, Woori, and KEB Hana Bank, and the Industrial Bank of Korea have formed a “technology and service alliance” with blockchain firms An official from a blockchain firm commented, “Traditional financial firms which experienced fintech innovations in the Mobile Age, such as simple money transfer services Toss and Kakao Bank, are now seeking to develop blockchain-based financial products.”

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