South Korea's Gwangju Bank and Toss Successfully Test Stablecoin QR Payments

South Korea's Gwangju Bank and Toss successfully test stablecoin QR payments

Gwangju Bank and South Korean fintech company Toss have successfully completed a proof of concept for stablecoin payments using QR codes, allowing customers to make transactions through connected banking and payment apps. According to an Oct. 8 report by Yonhap…

Finovate Global Korea: Payments, Blockchain Networks, and Cybersecurity | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware - National Cyber Security Consulting

This week’s edition of Finovate Global showcases recent fintech news from South Korea. Gwangju Bank and Toss announce stablecoin QR payment PoC Korea’s Gwangju Bank announced that it had successfully completed proof of concept (PoC) for stablecoin-based QR code payments in partnership with Seoul-based superapp Toss. The PoC linked the Gwangju Bank mobile app, the […] Thank you for subscribing to our RSS feed!

Finovate Global Korea: Payments, Blockchain Networks, and Cybersecurity

This week’s edition of Finovate Global showcases recent fintech news from South Korea. Gwangju Bank and Toss announce stablecoin QR payment PoC Korea’s Gwangju Bank announced that it had successfully completed proof of concept (PoC) for stablecoin-based QR code payments in partnership with Seoul-based superapp Toss. The PoC linked the Gwangju Bank mobile app, the Read more...

South Korea's Gwangju Bank Tests Stablecoin Payments With Toss

TLDR Gwangju Bank and fintech company Toss completed a proof of concept for stablecoin payments using QR codes. Customers scan a merchant’s Toss Place QR code, and stablecoins move directly from their wallet to the merchant’s wallet. A second trial is being prepared to reduce the number of payment steps, but no date has been [...]

Gwangju Bank and Toss Complete Stablecoin QR Payment Test

The simulated proof of concept linked a bank app, Toss and merchant terminals without using real customers, transactions or assets.