Editor's PiCK
"Shinhan launches a dedicated menu, Woori revamps digital wallets…Banks are rapidly introducing virtual asset functions"
Minseung Kang
Summary
- Major domestic commercial banks in Korea are expanding digital financial services targeting the virtual asset market.
- Shinhan Bank announced it will introduce a dedicated virtual asset menu to its 'SOL' banking app in July.
- Woori Bank also announced plans to offer various services such as deposit tokens, Central Bank Digital Currency (CBDC), and NFTs through its app’s digital wallet.
Major domestic commercial banks in Korea are accelerating the expansion of digital financial services targeting the virtual asset (cryptocurrency) market.
According to industry sources on the 29th, Shinhan Bank plans to introduce a dedicated virtual asset menu to its "SOL" banking app in July. This menu is expected to include features such as price inquiry for major virtual assets like Bitcoin (BTC), research content, and consumer education materials.
Meanwhile, Woori Bank is reportedly planning to implement features in its app's digital wallet next month, enabling the use of deposit tokens, Central Bank Digital Currency (CBDC), and Non-Fungible Tokens (NFT), among others.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
