SBI Group Testing Its Crypto Coin For Mobile Payments

  • Yuri Molchan
    📰 News

    After the launch of the first crypto exchange supported by banks in Japan, now the South Korean SBI is about to start trialing the S-Coin, based on the open ledger


SBI Group Testing Its Crypto Coin For Mobile Payments

After the launch of the first crypto exchange supported by banks in Japan, now the South Korean SBI financial giant is about to start trialing the S-Coin, based on the open ledger. S-Coin stands for “settlement coin.” It is intended to be used via smartphones for charging and settlement.

The trails are intended to take place among the company’s employees. The staff plans to buy lunches cash-free in the cafes at the company’s main office in Tokyo.

In order to conduct S-Coin operations, SBI is using special terminals provided by the Glory company.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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