Minna Bank considers linking yen deposits and withdrawals with Backpack Japan platform
Original headline민나은행, 백팩 일본 플랫폼에 엔화 입출금 연동 검토
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Minna Bank and Trek Labs Japan have signed a basic agreement to explore linking Minna's banking services, starting with yen deposits and withdrawals, to the Backpack crypto exchange platform slated for launch in Japan, contingent on Trek Labs Japan completing its Japanese crypto exchange registration. The partnership would run through Minna's Banking-as-a-Service arm, which exposes banking functions to partners via API. The tie-up would give Backpack a regulated fiat on-ramp in Japan, a market where exchange licensing and bank connectivity are key gateways for user onboarding. Watch for Trek Labs Japan's exchange registration progress and the scope of yen services ultimately integrated into the Backpack platform.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Minna Bank, Trek Labs Japan, Backpack, Japan