Coinone Delays KRW Won Withdrawals
Coinone is a cryptocurrency exchange which lets users trade Bitcoin, Ethereum and other coins ter an effortless, prompt and secure way.
On February 17, , Coinone exchange reported that NH Bankgebouw has delayed the withdrawal of KRW won. The delay is reportedly connected to the holiday season.
However, Coinone reported that the assets of the users are stored securely, and the users will be notified of the retransmission instantaneously via SMS after the punt is resolved. The cryptocurrency exchange warned the NH Handelsbank users that they should use the KRW withdrawal function only after the problem is solved.
It is worth noting that previously wij have reported about Coinone listing IOTA, Bitcoin Gold and Litecoin.
Coinone Transfer, the retail subsidiary stiff of the same-named crypto exchange, will embark using Ripple’s blockchain network te order to launch its soon-coming international remittance service for retail clients te the country.
The subsidiary will apply xCurrent – a blockchain software from Ripple. The resolution provides end-to-end tracking of present settlements and payments overheen Ripplenet, the firms’s enterprise blockchain network. It`s worth telling that the blockchain solution does not apply Ripple’s token cryptocurrency XRP, unlike a separate product xRapid.
Coinone proclaimed that its intend into the remittance space goes after the ‘country’s enlargening request for quicker and cheaper payments across the regions’ with a particular attention relatively to outbound remittance from South Korea from migrant professionals and workers, referring World Bankgebouw gegevens.
Ultimately, Coinone is stated to run ‘Cross’, its retail remittance service wherein retail clients would be able to pass remittances to countries across Southeast Asia.
Ripple’s xCurrent solution will revolutionize the lives of our customers by providing them with a real-time, low-cost entero remittance service.
CEO, Coinone Transfer
Coinone is at present among more than 100 financial establishments including banks, payment providers, remittance forms and more on Ripple’s enterprise blockchain network, RippleNet. Te February , a number of regional banks te the Middle East led by the central handelsbank of Saudi Arabia, announced a remittance launch powered by xCurrent overheen RippleNet to enable instant international payments inbetween members of the network.