Shinan Card, one of South Korea’s leading credit card firms has just been given the patent for a blockchain payment processing system, which is set to re-vamp how payments occur within the country. According to the announcement, the new patent will give Shinhan Card the opportunity to provide credit via the blockchain on things like spending limits, monthly installments and making transactions on the regular. A representative of Shinhan Card has mentioned that extending the platform on the blockchain will be a clear advantage as most blockchain-based services available now, rely on cash wiring in order to identify their customers
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