Major Korean Bank to launch bitcoin-backed remittance service
One of Korea’s biggest financial institutions, Shinhan Bank, recently announced that they will be providing bitcoin remittance services for the Korea-China corridor starting in December. The development marks the first time that any major bank has announced a Bitcoin value transfer system.
Seoul based Shinhan has over 8,531 employees at 723 branches, and assets of over 285 trillion Korean won, or US$251 billion, spread across 140 overseas networks in 19 countries around the world. The bank has won numerous awards in the Asian banking sector, including last year’s Best retail bank.
http://bravenewcoin.com/news/major-korean-bank-to-launch-bitcoin-backed-remittance-service/