Dunamu, Hana Financial take blockchain remittance system live with POSCO

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From left to right: Hana Financial Group vice chairman Lee Eun-hyung, POSCO International president Lee Gye-in, and Dunamu CEO Oh Kyung-seok. Source: POSCO The three companies plan to establish a working model for real-time blockchain remittances before the end of the year. Related: Naver-Dunamu filing sets IPO committee, listing timeline for fintech group The deal adds to POSCO International’s broader push into digital finance. The company recently issued blockchain-based foreign currency digital bonds worth approximately 140 billion won (about $95 million) with HSBC, and last year introduced a blockchain-based global payment system with JP Morgan. As Cointelegraph reported, South Korean internet-only bank Kbank has also partnered with Ripple to test blockchain-based cross-border remittances. Magazine: South Korea gets rich from crypto… North Korea gets weapons

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