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Shinhan Bank Partners with ICONLOOP for Advanced KYC Verification System 

The integration of blockchain and traditional finance is beginning to take off. Besides basic integration and testing, it seems local banks are now partnering with blockchain firms. Yesterday, ICONLOOP, a local blockchain technology firm, announced that it had partnered with Shinhan Bank to provide the latter with seamless customer identification services. Easier Access for Customers Per the company press release, ICONLOOP will issue Know-Your-Customer (KYC) certificates to Shinhan Bank and its customers. The tech firm will license its Zzeung mobile app’s blockchain-based decentralized identity technology to Shinhan’s customers, effectively making the account opening process seamless. As the company explained, the blockchain…

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The Celo Foundation Gives Away $1 Million To Blockchain Companies

The Celo foundation gives away $1 million to blockchain companies including MIT, IDEO Colab Ventures and McCafi as a part of the goal to create a more positive economic future so let’s find out more in the latest blockchain news today. The Celo foundation gives away $1 million worth of fundings for blockchain companies and organizations and the applications recently rose by 400%. The foundation announced to be awarded several companies that contribute to the Celo ecosystem and the purpose is to create a financial ecosystem that creates prosperity. One of the ways this can be achieved is by granting…

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