Blockchain Remittance Service Rolled Out By South Korea’s Coinone Transfer

South Korean payments firm Coinone Transfer has introduced the country’s first blockchain-powered remittance mobile app and web service. Coinone Transfer is a subsidiary of crypto exchange Coinone that focuses on remittances. In May of this year, Coinone Transfer joined RippleNet to use xCurrent, Ripple’s blockchain solution for cross-border payments and settlement, to allow customers to…

Read more »

Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification

South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local…

Read more »

Only 12 out of 23 Korean Crypto Exchanges Pass Probe – Inspector Under Fire

The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is. 12 Exchanges Pass Security Checks The Korea Blockchain Association (KBA) held a press conference Wednesday to announce the results of…

Read more »

Ripple partners with Coinone

Coinone Transfer, a payment business subsidiary of Coinone’s exchange platform, has joined RippleNet as a customer of Ripple’s xCurrent product. It was revealed today that Coinone Transfer, a payments company, and a subsidiary of popular South Korean cryptocurrency exchange Coinone, has joined RippleNet to use xCurrent, Ripple’s blockchain solution for cross-border payments and settlement. As…

Read more »