Shinhan Card completes PoC for stablecoin-based payments

Shinhan Card has completed a Proof of Concept (PoC) for six key technology initiatives using stablecoins and blockchain to proactively adapt to shifts in the next-generation payment paradigm, The Herald Business reported. The company explained that the verification confirmed the potential to expand Web3.0-based financial services, such as global settlement and cross-border payments, by integrating these technologies with its existing card payment system to create new user experiences.