SBI $XDC Network APAC, a blockchain infrastructure company, and SBI VC Trade, a crypto asset exchange, have signed a memorandum of understanding with Shinhan Card, a South Korean credit card company. The three companies plan to develop a blockchain-based system for global payments and settlements that connects digital assets with traditional financial infrastructure.
Under the agreement, SBI $XDC Network APAC and Shinhan Card will work to expand the $XDC Network ecosystem and explore new digital-asset-based payment services. All three companies will also study the use of stablecoins for cross-border payments and ways to connect these solutions with existing financial systems.
