According to Joongang Economy News, Shinhan Card announced on the 30th that it has signed a strategic Memorandum of Understanding (MOU) with the Solana (SOL) Foundation for stablecoin payment technology cooperation and the expansion of the Web3.0 payment ecosystem. Based on the Proof of Concept (PoC) completed last year, both companies will conduct a more advanced PoC this year and jointly research commercialization possibilities in various fields. They plan to implement payment scenarios between customers and merchants using the Solana testnet and review the technical stability of the blockchain network. Additionally, both companies plan to verify the additional stability of 'Non-Custodial Wallets', which are essential infrastructure for the Web3.0 ecosystem, and will newly pursue the development of a 'Hybrid Financial Model' that combines the efficiency of traditional finance (TradFi) infrastructure and decentralized finance (DeFi). Shinhan Card plans to build its own DeFi service environment using 'Oracle' technology, which securely connects real-world transaction information to the blockchain network.
