South Korea’s second-largest bank to develop secure encrypted wallet service

nBuzz comments: South Korea’s Shinhan Bank said it is developing for customers encryption currency wallets to more securely store their digital assets, to further protect the cryptocurrency investors. Combined with some recent reports from other countries, cryptocurrencies are gaining more and more attention from large institutions and gradually realizing real applications. This phenomenon is extremely beneficial to its future development.n
nTranslation: Inan
Shinhan Bank, South Korea’s second-largest bank, has announced it is developing a cryptocurrency wallet for its customers to securely store its digital assets. This is a very important news for South Korea’s cryptocurrency community.n
Earlier, the server of Korea Exchange Bithumb crashed in November, and the private data of 30,000 users was leaked in June. According to Shinhan Bank Spokesman, the new services they provide are more secure than the services of outside companies. The bank will not charge for the deposit of digital assets, but withdrawals will be charged. The bank statement said:n
n”This service will save blockchain keys through our virtual deposit box.We are looking for a way to provide free deposit service and only charge for withdrawals.”n
nThis announcement further supports the significant growth of cryptocurrency applications. The fact that many CMOs and many emerging Bitcoin hedge funds consider launching bitcoin futures shows that cryptocurrencies are being used by more and more mainstream agencies.n

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