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SBI Group Testing Its Crypto Coin For Mobile Payments

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Tue, 25/09/2018 - 13:47
SBI Group Testing Its Crypto Coin For Mobile Payments
Cover image via U.Today
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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.

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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.

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