According to CoinMeta, as reported by Coinpost, SBI VC Trade, a cryptocurrency exchange under the SBI group, and SBI XDC Network APAC, a jointly controlled subsidiary of SBI, signed a letter of intent for basic cooperation with South Korean credit card company Shinhan Card on October 21st. They plan to jointly build a global payment ecosystem based on blockchain. The three parties will explore the integration of digital assets such as Japanese yen stablecoins with offline physical store payment services and assess the commercialization potential of new digital payment services and business models through empirical experiments. SBI XDC Network APAC and Shinhan Card will cooperate to advance the development of XDC Network infrastructure and ecosystem for trade finance and enterprise scenarios.