Korean Payment Giant Joins ICON Blockchain Network

ICON, the self-described “blockchain is used for real-world applications in banking, healthcare, education, and more,” has just been joined by Danal Fintech, a Korean-based payment giant, and will integrate “ICON’s cryptocurrency ICX into Paycoin, its global payments and remittance app,” according to a press release from the group.

Speaking on the matter is Min Kim, the Founder of ICON, who said:

“With PayPal recently announcing its plans to support cryptocurrencies, we’re starting to see major acceleration in crypto adoption by payment apps and fintech companies in Asia,” said Min Kim, ICON project Founder. “Now with Paycoin, it’s easier than ever for people to buy and spend their ICX at thousands of Danal’s merchant partners.”

Also sharing some thoughts i the CEO of Danal Fintech, Ted Hwang, who said:

“Paycoin is one of the first virtual asset apps being used commercially in Korea and ICON is one of the largest blockchain projects in Korea. Through this partnership between the two projects, we expect to bring virtual assets one step closer to our daily life. We will continue to expand business scope through various partnerships in the future.”