Shinhan Bank To Conduct Stablecoin International Remittance PoC On Hedera Network, In Partnership With Major Multinational Bank [TheStreet.com]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
US:NYSE Investor Relations:
shinhangroup.co.kr/en/invest/main.jsp
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Source: TheStreet.com
SEOUL, South Korea and DALLAS, Nov. 29, 2021 /PRNewswire/ --, the leading bank in South Korea, today announced that it has completed the development of a proof-of-concept, with a global megabank outside of Korea, built on the network, leveraging stablecoins and focused on international remittances. Utilizing the Hedera Token Service (HTS) and Hedera Consensus Service (HCS), the project aims to test the issuance and distribution of stablecoins, applied to a financial use case that typically suffers from high fees, longer waits, and the absence of tracking features. Under current financial systems, when individuals or organizations send cross-border transfers, the customer bears high intermediary bank costs. For cross-border transfers between countries that lack liquidity and a direct network, customers typically pay the equivalent of an extra twenty to eighty US dollars for intermediaries' fees on top of regular cross-border transfer fees. Transactions typically take three to seven da
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SHG
News
- Shinhan Financial Group files its FY2023 Form 20-F to the SECPR Newswire
- EQT AB (publ) Q1 Announcement 2024 [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group Co., Ltd. (NYSE: SHG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment [BNN Bloomberg (Canada)]BNN Bloomberg
- Is Shinhan Financial Group Co (SHG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
SHG
Sec Filings
- 4/19/24 - Form 6-K
- 4/18/24 - Form 20-F
- 4/18/24 - Form 6-K
- SHG's page on the SEC website