SBI wants stablecoin QR payments for Japan-Korea travel

cryptonews10-02

SBI DigiTrust has started testing stablecoin-based remittances and QR payments between Japan and South Korea with NICE Information & Telecommunication and DSRV, with the three companies targeting ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSBI wants stablecoin QR payments for Japan-Korea travel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-02 14:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/sbi-wants-stablecoin-qr-payments-for-japan-korea-travel/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SBI DigiTrust has started testing stablecoin-based remittances and QR payments between Japan and South Korea with NICE Information & Telecommunication and DSRV, with the three companies targeting ...</p>\n\n<a href=\"https://crypto.news/sbi-wants-stablecoin-qr-payments-for-japan-korea-travel/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBHGF","symbol_name":"SBI Holdings, Inc.","start_time":0,"source_url":"https://crypto.news/sbi-wants-stablecoin-qr-payments-for-japan-korea-travel/","article_id":"2672375797","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/sbi-wants-stablecoin-qr-payments-for-japan-korea-travel/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672375797","pubTimestamp":1790923877,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"SBI DigiTrust has started testing stablecoin-based remittances and QR payments between Japan and South Korea with NICE Information & Telecommunication and DSRV, with the three companies targeting completion by the end of December 2026.SBI DigiTrust, NICE and DSRV are testing stablecoin payments for Japanese travelers visiting South Korea.The test examines QR payments, fund flows, payment instructions, system connections and commercial viability together.NICE brings a Korean merchant network spanning roughly 1.2 million merchants into the joint study.The partners have not named a stablecoin, blockchain, exchange model or commercial launch date yet.SBI DigiTrust Partners with South Korean Firms to Test Cross-Border Stablecoin PaymentsSBI DigiTrust, a blockchain infrastructure provider under the SBI Group, has entered into an agreement with South Korean payment processor NICE Information & Telecommunication and blockchain…SBI stablecoin test focuses on tourist QR payments. NICE will exami","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"SBHGF":"SBI Holdings, Inc.","BK4127":"投资银行业与经纪业"},"translate_title":"SBI 希望为日韩旅行提供稳定币二维码支付","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBHGF":1.87},"content_text":"SBI DigiTrust has started testing stablecoin-based remittances and QR payments between Japan and South Korea with NICE Information & Telecommunication and DSRV, with the three companies targeting completion by the end of December 2026.\n\n\nSummary\n\n\n\nSBI DigiTrust, NICE and DSRV are testing stablecoin payments for Japanese travelers visiting South Korea.\nThe partners expect their joint verification work to finish by the end of December 2026.\nThe test examines QR payments, fund flows, payment instructions, system connections and commercial viability together.\nNICE brings a Korean merchant network spanning roughly 1.2 million merchants into the joint study.\nThe partners have not named a stablecoin, blockchain, exchange model or commercial launch date yet.\n\n\n\nSBI Group said on Oct. 1 that the partners are testing a scenario in which Japanese travelers pay at NICE-affiliated merchants in South Korea by scanning QR codes. The work covers how money moves from the Japanese customer to the Korean merchant, what payment instructions are needed and how the companies’ systems would connect.\n\nSBI DigiTrust Partners with South Korean Firms to Test Cross-Border Stablecoin PaymentsSBI DigiTrust, a blockchain infrastructure provider under the SBI Group, has entered into an agreement with South Korean payment processor NICE Information & Telecommunication and blockchain… pic.twitter.com/BQO6qEicw1— Norbert Gehrke (@norbertgehrke) October 2, 2026\n\nSBI stablecoin test focuses on tourist QR payments\nThe official announcement says the companies are studying a practical checkout flow instead of limiting the project to blockchain transfers between test wallets. NICE contributes its existing payment infrastructure and merchant operations, while DSRV examines the blockchain architecture needed to support the settlement process.\nSBI DigiTrust handles the Japanese regulatory, financial and digital-asset side of the project. The SBI Group company said its role includes designing the payment structure while considering cooperation with other SBI businesses.\nFrom the Korean side, NICE said the companies signed their three-way memorandum at its Seoul headquarters on Sept. 30. The test is expected to run through December before the companies decide how the model could be developed commercially.\nThe parties have not disclosed which stablecoin will be used. Their announcements do not identify a blockchain, wallet provider, exchange-rate system or settlement currency, and they have not announced a launch date for a commercial service.\nNICE gives the test access to a large merchant network\nNICE operates payment services across South Korea and supports roughly 1.2 million merchants nationwide, according to SBI’s announcement. The current verification uses NICE-affiliated merchants as the test setting, though neither company has said that all 1.2 million locations will participate.\nNICE will examine merchant operations, connections with existing payment systems and the business case for stablecoin settlement. The company’s role gives the partners a way to study how a blockchain-based transfer could connect with payment infrastructure already used by Korean stores.\nDSRV is responsible for the technical side. SBI said the Korean blockchain company will study system design, stablecoin requirements and connections between blockchain infrastructure and the existing systems used by the other partners.\nThe verification will examine transaction size and cost alongside technical feasibility. The partners said those findings will be used when considering whether a commercial service makes sense, meaning the December target is a testing deadline rather than a public launch date.\nStablecoin rules differ between Japan and South Korea\nRegulation remains part of the test because Japan and South Korea are at different stages in their stablecoin frameworks.\nJapan already regulates fiat-linked stablecoins as electronic payment instruments. The Financial Services Agency states that businesses providing services involving electronic payment instruments in Japan must operate under the relevant Payment Services Act registration requirements.\nJapan expanded its digital-asset framework on June 1, introducing a registration system for businesses that intermediate certain stablecoin and crypto services on behalf of registered providers. The FSA confirmed that the new intermediary regime became effective on that date.\nSouth Korea is still working through its rules for won-linked stablecoins. SBI’s official announcement specifically says the Korean regulatory framework remains under development and that the partners will continue reviewing policy changes while the test runs.\nThe Bank of Korea has been conducting its own work on digital payments, tokenized deposits and CBDC infrastructure while participating in discussions over won stablecoin legislation. Its 2025 payment systems report said the central bank had increased its research on virtual assets and was contributing to the policy debate around KRW stablecoins.\nSBI is testing several Japan-Korea payment routes\nThe NICE and DSRV project is not SBI’s first stablecoin test connecting Japan and South Korea.\nIn August, SBI began work on a separate Japan-Korea stablecoin network using Canton with South Korean blockchain infrastructure company Nodeinfra. That project is examining payment tokens and eventual regulated stablecoin settlement between financial institutions.\nAnother experiment reached the testing stage in September. Kyobo Life and SBI completed a yen-won stablecoin payment pilot that tested direct exchange between representations of yen and won without routing settlement through the U.S. dollar.\nThe Kyobo test used the Canton Network and covered transfer, foreign exchange, settlement, tracking and reconciliation. No institutional funds moved in that pilot, and the companies did not announce a production launch date.\nSBI Remit has pursued a separate international payment path. SBI Remit partnered with Fasset on cross-border stablecoin infrastructure covering remittances, payment services and settlement across multiple markets.\nSBI Group has been building regulated stablecoin products inside Japan as well. Ripple and SBI VC Trade launched RLUSD in the country in June after receiving the required regulatory approval, giving Japanese customers access to the dollar-backed stablecoin through a licensed local distributor.\nDecember results will determine the next step\nFor the current project, SBI DigiTrust said the partners will use the remaining months of 2026 to map the complete payment process from the Japanese user to the Korean merchant.\nThe work will cover fund movement, payment and settlement instructions, connections between company systems, transaction costs and the scale at which a future service could operate. The partners intend to identify operational and regulatory issues that would have to be addressed before commercialization.\nSBI said the companies will use the findings as material for future business decisions once the verification concludes. The announcement sets the end of December 2026 as the completion target but does not commit NICE, DSRV or SBI DigiTrust to launching a commercial Japan-Korea stablecoin payment service afterward.\n\n\n\n\n\n                Read more:\n            \n\n                FlashLoopAdapter exploit drains $305K from Aave linked Safe wallets","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2672375797","isCrawlerRequest":true}