What's New in Payments

Japanese bank pilots blockchain mobile payments in bars and restaurants

Notice concerning demonstration experiment of S Coin — SBI Holdings (translation) — “S Coin is a settlement coin that allows charging and settlement on smartphones. In this demonstration experiment, for SBI Group employees, we will construct a mechanism that allows cashless settlement at eating and drinking establishments in Izumi Garden Tower, Roppongi 1-chome where SBIH is based.”


What's New in Payments

Korea’s capital city plans its own payments cryptocurrency

Mayor Park Won-soon unveils Seoul cryptocurrency ‘S-Coin’ — Coindesk Korea (translation) — “Park Won-soon, mayor of Seoul, said he will create a coin currency called S-coin that can be used in Seoul… He thinks that ‘blockchains can be applied to all administrations in Seoul such as the public transport system operated by Seoul City and the provision of youth allowance.'”