According to CoinMeta, and as reported by Yonhap News, South Korean credit card company Shinhan Card ( Shinhan Card ) announced that it will collaborate with Upbit's parent company, Dunamu, to launch a pilot program for token-based payments based on Giwa Chain in the South Korean credit card industry for the first time. The testing will be conducted among employees of merchants at Shinhan Card's headquarters, where employees will receive tokens issued by Shinhan Card through Giwa Wallet and complete payments by scanning QR codes. The system utilizes on-chain identity verification technology Dojang to authenticate employees, and only pre-registered wallets will be allowed to participate in the transactions. Shinhan Card stated that it plans to pursue commercialization after the relevant legislation is completed and to gradually expand the range of merchants and the global blockchain network that can access this service.