Hana Financial, POSCO International, Dunamu team up on blockchain-based cross-border payments

Hana Financial, POSCO International, Dunamu team up on blockchain-based cross-border payments

Hana Financial Group said Wednesday it signed a memorandum of understanding with POSCO International and Dunamu to jointly develop blockchain-based...

Korea's POSCO Intl issues $100m digital bond. Partners with Hana for DLT payments - Ledger Insights - blockchain for enterprise

Korean trading giant POSCO International has been involved in two significant blockchain initiatives in the past week. On 28 April it issued a HKD 780 million ($100 million) digital bond in Hong Kong and separately partnered Hana Financial Group and Dunamu, the operator of crypto exchange Upbit, for cross border payments. The two year digital […] The post Korea’s POSCO Intl issues $100m digital bond. Partners with Hana for DLT payments appeared …

Dunamu, Hana Financial Take Blockchain Remittance System Live With POSCO - Invest In Crypto News

South Korea’s Hana Financial Group, POSCO International and Dunamu, the operator of the crypto exchange Upbit, have signed a trilateral memorandum of understanding (MoU) to launch their blockchain-based remittance system, with POSCO International serving as the first real-world test case. The agreement, signed Tuesday at Hana Financial Group’s Seoul headquarters, follows a successful proof-of-concept (PoC) completed earlier this year by Hana and…

Hana, Posco and Dunamu Partner to Launch Blockchain Remittance Platform

South Korean financial and trading giants have partnered with blockchain developer Dunamu to build a blockchain remittance platform for corporate cross-border transactions, as reported by The Korea Herald. Hana Financial Group, Posco International and Dunamu signed a MoU on 29 April to develop the real-time settlement system. The partners plan to launch the platform later this year, with initial use focused on processing Posco International’s ov…

Dunamu and Hana Financial Launch Live Blockchain Remittance System With POSCO

TL;DR: Dunamu, Hana Financial Group, and POSCO International signed an MoU to launch a blockchain-based remittance system using real commercial transactions. The system uses Dunamu’s GIWA Chain to replace the SWIFT network, combining payment instruction and settlement into a single real-time process. POSCO International will serve as the first real-use case. The three firms aim to have an operational model before year’s end. Dunamu, the operati…

Hana Financial, Dunamu and POSCO Go Live with Blockchain Trade Payments in South Korea

South Korea just turned blockchain remittances into reality. Hana Financial Group, Dunamu and POSCO International flipped the switch on a… Read the original on Hana Financial, Dunamu and POSCO Go Live with Blockchain Trade Payments in South Korea. For more crypto news and analysis, visit TheCurrencyAnalytics.com.