LG Uplus, the mobile wing of LG, is joining people like Ripple (XRP), Stellar (XLM) and Swift, among others in providing the cross-border payment solution to the state of art .
announced its membership with global partners in Japan, Taiwan and the United States to offer subscribers the opportunity to use a blockchain-based overseas payment service.
In a declaration of the Korean-based mobile carrier on Sunday, a test service is scheduled to start next year, and we will use the experience of a cross-carrier blockchain platform called CCPS ( cross-carrier payment).
Subscribers of other telecommunications carriers may also make cross-border purchases with the platform once they are available.
The idea, according to the Korea Times, will be the first time that a Korean mobile operator has offered such an advanced service to subscribers.
LG U Plus has signed an agreement with Far EasTone Telecommunications based in Taiwan and SoftB based in Japan ank to adopt innovation.
Meanwhile, the blockchain idea must be provided by TBCASoft, based in the United States. When available, LG Uplus subscribers have the right to use their mobile phones to buy when traveling in Taiwan and Japan, the same applies to Far EasTone subscribers when they visit Korea.
Joo Young-joon, director of the LG Uplus mobile unit, who talked about the development, said: "Customers will have the advantage of an affordable payment system based on cheap, economic blockchain technology. and sure. "
"And in addition to the payment solution abroad, LG Uplus will continue to develop new business opportunities with CBSG blockchain and global telecommunications leaders."
In addition, Ling Wu, founder and CEO of TBCASoft and co -CBSG Consortium president, said: "As the CBSG Consortium grows faster than expected, we are entering a new phase of real-world testing that demonstrates the commercial readiness of the TBCASoft blockchain platform."
Several platforms they are looking for ways to solve the problems arising from the delayed cross-b remittance of the order. Ripple, in particular, is doing very well in this arena.
With the entry of other companies in the section, there is hope that delayed payment, costly transaction costs and poor communication during transaction processes will become a thing of the past.  Girl in a jacket "/>