Toss Bank partners with Solana Foundation on blockchain remittances

Toss Bank said Monday it signed a memorandum of understanding with the Solana Foundation to explore blockchain-based financial infrastructure, becoming the first South Korean internet-only bank to partner with the organization behind the Solana network.

The agreement focuses on developing next-generation cross-border payment infrastructure using blockchain technology.

The two sides will conduct a phased proof of concept for international remittances on the Solana network, evaluate blockchain-bas ...