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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 is about to start trialing the S-Coin, based on the open ledger

Cover image via U.Today

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.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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