One of the most important banks in South Korea revealed today an agreement with the most funded Asiatic startup of the bitcoin sector.
KB Kookmin, in fact
, announced today that
will sign a memorandum of understanding with the Bitcoin startups
Circle and
Coinplug.
Based in
South Korea, Coinplug is also working with the same Korean bank to develop
a blockchain prototype that aims at improving
international remittance to simplify foreign exchanges.
KB Kookmin: South Korean bank to work on the Blockchain
According to
Business Korea,
KB Koomkin wants to promote businesses related to the blockchain field.
To do so, KB Koomking recently signed another agreement to work on distributed ledger applications for mobile device certification.
Talking about
Circle, recently this startup revelaed a $60m fundraise received from several Chinese investors. This way it became one of the best funded startup in the Asian cryptocurrency market.
“We are excited to work with the top tech companies in London, a hub of the FinTech industry. KB Kookmin Bank will strive to provide our customers with new experience by adopting cutting-edge technologies,” explained a KB Kookmin representative.
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