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Shinhan-SBI pact to Pay Stablecoin with Yen in South Korea!

Shinhan-SBI pact to Pay Stablecoin with Yen in South Korea!

Blockchain and crypto did one work. It is trying to connect world under singular stablecoins. Though it's high time to ditch USD otherwise rest of the nations would lose their power. But it's also a good time for govt to pact with each other and do transactions.

This way USD dominance would reduce on the world. And we get to barter and exchange each others currencies with lot more control and transparency too. 

This means say you are a japanese student or the traveller or merchant. You want to settle the payments in south korea. You don't have forex. Sure, then just use the stablecoin of YEN to settle the payments. 

This is the power of blockchain bridges and the pact would only meant to supplement this even more further. This is a good direction for the companies to build around with the same. 

You can read bout this more here

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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