Korean payment company Danal Fintech joins ICON blockchain ecosystem

Wednesday 11 November 2020 12:21 CET | News

Danal Fintech, a subsidiary of Danal which is a large payment company in South Korea, has joined the ICON blockchain ecosystem, a large, decentralised network in Korea.

Danal Fintech will integrate ICON’s cryptocurrency ICX into Paycoin, its global payments and remittance app. This will allow Paycoin’s 750,000+ users to pay in ICX at any of Danal’s 60,000 merchant partners, including 7-Eleven, KFC, and Domino’s Pizza.

Danal Fintech also will join as an ICON Public Representative, or P-Rep, the title given to consensus and governance block validators on the ICON Network. P-Reps like Danal Fintech play key roles in the ICON Network such as block creation and verification, decision making on network policy, and expansion of the overall ICON ecosystem. P-Reps are elected by delegation of stake by the ICON community and help keep the network stable with technical infrastructure support.

Danal Fintech is part of Danal, a large payment company in South Korea. Danal provides integrated payment solutions to its partners, from credit and debit cards to mobile billings and more.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Danal Fintech, blockchain, payment company, ICON ecosystem, South Korea, PayCoin, remittance, merchants
Categories: DeFi & Crypto & Web3
Countries: Korea, Democratic People's Republic of
This article is part of category

DeFi & Crypto & Web3

Industry Events