Bitcoin to be tested for digital wallets at South Korean bank


Shinhan Bank is in the process of selecting a company to test a bitcoin vault and wallet platforms. Subject to the regulator

HONG KONG: Bitcoin may be about to take another step toward mainstream acceptance as South Korea’s biggest bank by assets prepares to embrace the cryptocurrency.

Shinhan Bank is in the process of selecting a company to test a bitcoin vault and wallet platforms. Subject to the regulator’s approval, the service is likely to be launched by mid-2018, said an official at the lender who asked not to be named due to company policy.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Bitcoin , Korea , Shinhan , crypto-currency , banking , forex ,

Next In Business News

Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
Ringgit opens stronger at RM4.10 vs greenback
Subdued trading on Bursa continues as traders await Fed rate decision
Trading ideas: DRB-Hicom, Al-Aqar, Haily, Pharmaniaga, Gagasan Nadi, Paragon, Orkim, BMS, VS Industry, APB, Destini, MSC, Only World, HB Global, Jetson
Indices end near flat, supported by Fed hopes
Ringgit to hold firm into next year
Opportunity for investors to profit from Spritzer
PSP Energy set to expand marine fuel business
Haily wins RM43mil housing job
DRB-Hicom to pay US$111mil for Spirit Aerosytems

Others Also Read