South Korea
Digital Asset
Shinhan Card to Pilot 'Token Payments' Using Dunamu's Kiwa Chain
- Dunamu will provide the blockchain infrastructure, while Shinhan Card will directly issue and operate the payment tokens used on Kiwa Chain.
- The pilot is being conducted at a merchant in the basement of Shinhan Card's headquarters, with participation limited to company employees and executives.
- This is described as the first-ever card-issuer payment test using Dunamu's public blockchain Kiwa Chain and its dedicated wallet, Kiwa Wallet; no timeline for commercial rollout to general customers was given.