A large South Korean conglomerate is entering the Bitcoin remittance market. Dongbu Group is partnering with Bitcoin remittance service provider Sentbe via its savings bank subsidiary. The move follows the legalization of “micro” Bitcoin remittances by the Korean government.
Established in 1969, Dongbu Group is a large global conglomerate in South Korea. The group produces industry, chemical, shipping, insurance and financial products.
One of its many subsidiaries, founded in 1972, is Dongbu Savings Bank. The bank announced this week that it has signed a Memorandum of Understanding (MOU) with the Bitcoin remittance company Sentbe. An official from the bank said:
"We have been working on this business alliance to prepare for the fourth industrial revolution era under the traditional savings bank business."
Full story at http://bit.ly/2wvJbVU
Source: Bitcoin News
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