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Originally posted by Backwoods101 View Post
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Bitcoin...Cryptocurrency
Found this on Ripple FB Group
Two Korean banks Woori and Shinhan (top 5 banks in Korea) confirmed on a Korean news channel that they successfully finished testing the ripple framework and will bring it in to action soon for international transactions....
It translated to
[Korea Economic News]
Recently, as the block chain technology has become a hot topic in all industries, the financial sector is accelerating to adopt it.
KEB Hana Bank is in the process of introducing a trade transaction system that adopts 'Etherium' block chain. Shinhan Bank and Woori Bank are preparing an overseas remittance system using 'ripple' block chain.
Reporter Ko Young-wook.
KEB Hana Bank is preparing to introduce a trade finance process that adopts the 'Etherium' block chain.
Etherium has the advantage that it is a network platform that can run a variety of applications than BitCoin, the first-generation block chain.
The development is jointly carried out by a consortium of marine logistics block chains, a total of 38 organizations led by Samsung SDS.
Shin Hee Man / Director, Foreign Exchange Marketing, KEB Hana Bank
"I've been doing verification to the financial part. I confirmed that the part related to OAT (clearing settlement) method is well reflected in the block chain ledger. "
When a block chain is applied to the trade finance process, the risk of forging trade details such as the purchase of export bond and the issuance of the credit are lowered and the processing cost and time are reduced.
It is said that the system application target is to prove origin in Korea and Vietnam trade and to utilize individual shipping company, shippers and harbor logistics information exchange.
Shinhan Bank and Woori Bank have recently completed the construction of the overseas remittance system between Korea and Japan based on the "ripple" block chain in cooperation with the SBI Group in Japan.
Woori Bank official
"We have built systems for both countries. I have finished the first test, I am preparing for the second test, and I am going to complete the test on January 31st. "
The Ripple Block Chain can be settled for 3.7 seconds per transaction and is emerging as an alternative to the existing international payment network (SWIFT).
The competition of financial companies is getting hotter in order to take the lead in the era of Nomics, the next block chain.
It is Ko Young Wook of Korea Economic TV.
Go Young Wook reporter yyko@wowtv.co.kr
SkinnyLast edited by Skinny; 01-11-2018, 10:45 PM.
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Bitcoin...Cryptocurrency
Originally posted by TXhoghunter94 View PostAnyone know much about RLC? It looks like it just got added to binance and hasn't went live yet I guess
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No but I found this. Looks like it’s been on other exchanges including bittrex? Not sure.
SkinnyLast edited by Skinny; 01-12-2018, 12:24 AM.
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Originally posted by TXhoghunter94 View PostI use to just store it on binance but now it's on my nano ledger s
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Really, couldn't find TRON on the list of storable currencies for the nano yesterday. Thanks again [emoji106]
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Last edited by systemnt; 01-12-2018, 07:10 AM.
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