Blockchain in FinTech system

Blockchain in FinTech system

The South Korean Financial Services Commission (FSC) has exposed plans to adapt blockchain technology in its payment system. The move is aimed at protecting the customer data and enabling simplified verification processes. The regulatory body seeks to expose ‘app-to-app’ payment system. Choi Jong-ku, the chairman of FSC said, “Fintech is the area that requires new technologies.”

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