"Competition intensifies over integrated finance apps… Shinhan to introduce a 'coin wallet' service"
Summary
- Shinhan Financial Group said it plans to add an integrated-app “coin wallet” feature.
- Shinhan Financial Group said it will completely revamp “Shinhan Super SOL” and launch a group-wide integrated app in June.
- It was noted that after stablecoin legislation, a structure could become possible in which users can use bank account funds to immediately buy stablecoins.
Forecast Trend Report by Period
As South Korea’s financial holding companies compete to roll out integrated apps, Shinhan Financial Group is reportedly moving ahead with plans to add a “coin wallet” feature.
According to industry sources on the 24th, Shinhan Financial Group plans to completely revamp its existing “Shinhan Super SOL” and launch a group-wide integrated app in June. It is also reviewing a plan to add a coin wallet function after stablecoins are legally recognized. The move aims to expand capabilities so users can access not only banking transactions but also investment and virtual-asset-related services within a single app.
Meanwhile, observers say that if a stablecoin wallet function is added, it could enable a structure in which users can buy stablecoins immediately using funds in their bank accounts.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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