{"id":54672,"date":"2023-07-18T06:32:23","date_gmt":"2023-07-18T10:32:23","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=54672"},"modified":"2023-07-18T06:35:10","modified_gmt":"2023-07-18T10:35:10","slug":"hedera-incorporates-metamask","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hedera-incorporates-metamask\/","title":{"rendered":"Hedera Incorporates MetaMask"},"content":{"rendered":"\n

Hedera Hashgraph has integrated MetaMask and concluded a stablecoin<\/a> remittances pilot in conjunction with Shinhan Bank.<\/p>\n\n\n\n

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Hedera Incorporates MetaMask<\/figcaption><\/figure>\n\n\n\n

Hedera Hashgraph, a decentralized public network, has recently announced its increased inclusivity by incorporating MetaMask support through HIP-583. Moreover, in collaboration with Shinhan Bank,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> SCB TechX, and other financial institutions, Hedera recently<\/use><\/svg><\/span><\/a> <\/strong>completed a successful proof-of-concept (PoC) pilot for stablecoin remittances. <\/p>\n\n\n\n

Hedera Enables MetaMask Support<\/h2>\n\n\n\n

This integration brings exciting opportunities for MetaMask users to access and utilize Hedera DApps (decentralized applications) seamlessly. The Hedera ecosystem will support JSON-RPC-enabled wallets and apps to prepare for this integration.<\/p>\n\n\n\n

The updates include transferring HBAR to and from 0x accounts, improved usability through updated \u201ctoken associations,\u201d enhanced connectivity with MetaMask, and compatibility with Ethereum Virtual Machine (EVM) tooling.<\/p>\n\n\n\n

MetaMask, a popular Ethereum wallet and gateway to the world of decentralized finance (DeFi), will now enable its users to interact with Hedera\u2019s decentralized applications seamlessly. They have shared a step-by-step guide to DApp development in their official blog. <\/p>\n\n\n\n

Successful Stablecoin Remittance Pilot<\/h3>\n\n\n\n

Hedera Hashgraph has actively facilitated cross-border remittances by implementing distributed ledger technology (DLT). In collaboration with Shinhan Bank, SCB TechX, and other financial institutions, it recently accomplished a successful proof-of-concept (PoC) pilot for stablecoin remittances.<\/p>\n\n\n\n

Shinhan Bank, SCB TechX, and the largest financial institution in Taiwan collaborated on this pioneering initiative, leveraging Hedera\u2019s highly efficient and environmentally friendly open-source, public network. <\/p>\n\n\n\n

During the pilot, the platform achieved real-time settlement and seamlessly integrated real-time foreign exchange rates for three currencies: the Thai Baht (THB), the New Taiwan Dollar (NTD), and the South Korean Won (KRW).<\/p>\n\n\n\n

This PoC is fully compatible with the Ethereum Virtual Machine<\/use><\/svg><\/span><\/a> (EVM), enabling any stablecoin issuer utilizing EVM to take advantage of the framework in the future.<\/p>\n\n\n\n

At the press time, Hedera\u2019s native cryptocurrency, HBAR, is currently trading at $0.05276. Over the past 24 hours, the trading volume has experienced a significant increase of 141.54%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hedera Hashgraph has integrated MetaMask and concluded a stablecoin remittances pilot in conjunction with Shinhan Bank. Hedera Hashgraph, a decentralized public network, has recently announced its increased inclusivity by incorporating MetaMask support through HIP-583. Moreover, in collaboration with Shinhan Bank, SCB TechX, and other financial institutions, Hedera recently completed a successful proof-of-concept (PoC) pilot for stablecoin remittances.  […]<\/p>\n","protected":false},"author":53,"featured_media":54680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[15288,15287,6319,6097],"class_list":["post-54672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-hashgraph","tag-hedera-2","tag-metamask-2","tag-stablecoin-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/mv.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/54672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=54672"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/54672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/54680"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=54672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=54672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=54672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}