Join Our Mailing List
Sunday April 02, 2023
Bitcoin (BTC) $27,885.47   Ethereum (ETH) $1,774.26
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

Bitcoin exchange Coinone to lead FinTech consortium

Published by CryptoNinjas.net
05/04/2017

South Korean bitcoin exchange Coinone is leading a consortium with five financial institutions for technical FinTech development and cooperation.

The business consortium includes Woori Bank, Shinhan Card, Lotte Card, Daishin Securities, and KICC to develop FinTech technologies and services using blockchain.

This agreement is expected to be more effective as added companies including banks, payment, securities, and startups join the consortium.

Coinone CEO and Founder, Chan Myung Hun
Coinone Founder, Chan Myung Hun

Recently, the consortium has been promoting financial services based on distributed ledger technology, which can rapidly change the financial environment, such as the collapse of the boundaries between financial companies and the launch of more internet-based services.

In particular, it is anticipated that the consortium will collaborate on planning, developing and introducing new services within South Korea, such as empowering customers in the micro-currency remittance market utilizing a blockchain foreign exchange transfer model.

The main contents of the business agreement are:
  • Research and development of FinTech using blockchain.
  • Establishment of new services for each participant on their own unique platforms.
  • Coordination of communication with institutional and supervisory authorities and service planning assistance.

Mr. Chan Myung Hun, CEO of Coinone, said:

“Through the establishment of this financial consortium, we have taken a first step toward providing more strategic and systematic FinTech services, as a consortium of leading companies in each sector.”

40
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto exchange CGEX will officially terminate service

08/15/2019
CGEX crypto exchange

CGEX, a crypto-only exchange, launched by Korean exchange company Coinone, has announced that it will officially terminate and shut down service. Back in June, the company suspended operation, an ominous sign, yet they said...

Read more

Coinone lists Cosmos’ Atom token on CGEX cryptocurrency exchange

02/28/2019
Coinone lists Cosmos’ Atom token on CGEX cryptocurrency exchange

CGEX, a global exchange subsidiary and BTC market provider of Coinone, announced today the public listing of Cosmos’ ATOM token following its mainnet launch expected in early March. Cosmos is a decentralized ecosystem leveraging...

Read more

South Korea’s top four crypto exchanges announce joint AML initiative

01/25/2019
South Korea’s top four crypto exchanges announce joint AML initiative

South Korea’s four largest cryptocurrency exchanges, Bithumb, Coinone, Korbit, and Upbit, today announced a joint initiative to increase anti-money laundering (AML) efforts and foster a healthier trading environment. A hotline dedicated to AML issues...

Read more

Coinone rolls out remittances across Thailand and the Philippines with Ripple technology

12/10/2018
Coinone rolls out remittances across Thailand and the Philippines with Ripple technology

During the last few months Coinone Transfer, a payments business and a subsidiary of crypto exchange Coinone, re-introduced South Korea’s first blockchain-powered remittance mobile app and web service called Cross — offering faster, lower cost payments...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
$45M Gone in a Flash Loan Attack: How Scammers Exploited Vulnerabilities in Pancake Bunny's Smart Contract Code

$45M Gone in a Flash Loan Attack: How Scammers Exploited Vulnerabilities in Pancake Bunny’s Smart Contract Code

05/20/2021

HitBTC adds BitcoinCash futures before the hard fork

07/29/2017
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy