SBI VC Trade, the crypto exchange under Japan’s SBI Group, has signed a basic agreement with SBI XDC Network APAC and South Korean credit card company Shinhan Card to work on a blockchain-based global payments ecosystem. The three parties will examine how digital assets, including yen-denominated stablecoins, could be integrated with offline payment services. The update was reported by Techub News, citing CoinPost. The announcement points to a cross-border collaboration between a Japanese crypto business, its joint venture, and a major Korean card issuer, with the stated focus on payment infrastructure rather than trading activity. No launch date, product timeline, or technical details were disclosed in the brief.
SBI VC Trade, the crypto exchange under SBI Group, and its joint venture SBI XDC Network APAC have signed a basic agreement with South Korean credit card company Shinhan Card, according to Techub News, citing CoinPost.
The three parties plan to work together on a blockchain-based global payments ecosystem. They will also explore the possibility of integrating digital assets, including yen stablecoins, with offline payment services.
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