South Korea's Toss Bank Partners with Solana Foundation to Test Stablecoin Cross-Border Remittances
By
Shiraz Jagati
Summary
South Korea's Toss Bank, the country's third-largest internet-only bank with 15 million customers, has signed an MOU with the Solana Foundation to test blockchain-based cross-border remittance and settlement infrastructure. The partnership, announced on June 19 in Seoul, is the first direct strategic cooperation between a South Korean internet-only bank and the Solana Foundation. It will begin with a proof of concept for stablecoin-powered overseas transfers before any wider rollout.
Source
bskySouth Korea's Toss Bank Partners with Solana Foundation to Test Stablecoin Cross-Border Remittancesnews.bitcoin.comKey quotes
· 3 pulledToss Bank, South Korea's third-largest internet-only bank, said it signed the agreement in Seoul on June 19
The partnership will begin with a proof of concept for stablecoin-powered overseas transfers before any wider rollout
Called it the 'first direct strategic cooperation agreement between a South Korean internet-only bank and the Solana Foundation'
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