Major Korean Banks Back Coinplug

South Korea's financial institutions continue to stay ahead of the curve raising for one of the earliest bitcoin exchange, wallet, and payment startups.

Coinplug raised from a mix of private equity to VC's/VC arms from one of the largest banking institutions in Korea. They are focusing on decentralized identification technologies which its government and major banks have a great interest in.

🇰🇷 Raised ₩7.5B won ($6.4M).
🇰🇷 Previous $5M Series B 4 years ago backed by Mirae Asset Venture Investment and KB Investment.
🇰🇷 Coinplug's influence on contributing to Busan's effort to become a major blockchain hub inspired financing for some investors.
🇰🇷 Received 98 granted patents of their 262 filed applications.
🇰🇷 Already works w/ range of financial institutions: Shinhan Bank, Hyundai Card, KB Card and KB Kookmin Bank.
🇰🇷 Actively engaged with a number of government entities, including the Korea Internet Services Agency (KISA) and Korea Post, and with the Busan City Blockchain De-regulatory Zone.