Coinone Expands to Indonesia With Several Cryptocurrencies

The service is coming to Indonesia in May 2018, supporting six cryptocurrencies available for trading
17 April 2018   265

The popular and rapidly developing South Korean cryptoexchange, Coinone, has made an announcement stating that it is expanding its services to Indonesia launching a platform under the name Coinone Indonesia. As it is stated on the official website, the service is coming to Indonesia in May 2018.

Coinone Indonesia will launch in Indonesia with an acquired expertise of the top 10 largest crypto-exchange in the world. The platform will keep users' assets safe with various stabilizers tools such as Multi-Sig Wallet, 2FA and Cold Wallet. Initially, the platform will allow six cryptocurrenies for trading: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Quantum, but later it promises to add more.

Moreover, the users can take part in a pre-registration event, and 10,000 people who applied for pre-registration will be chosen to get Trading Fee 0.00% Coupon and QTUM Airdrop. 

Coinone to use Ripple for Blockchain Remittance

Coinone, cryptocurrency exchange of South Korea, is going to turn to Ripple for international money transfers
10 May 2018   277

Coinone Transfer, the retail subsidiary firm of the same-named crypto exchange, will start using Ripple’s blockchain network in order to launch its soon-coming  international remittance service for retail clients in the country. 

The subsidiary will apply xCurrent - a blockchain software from Ripple. The resolution  provides end-to-end tracking of present settlements and payments over Ripplenet, the firms’s enterprise blockchain network. It`s worth saying that the blockchain solution does not apply Ripple’s token cryptocurrency XRP, unlike a separate product xRapid.

Coinone declared that its intend into the remittance space follows the ‘country’s increasing demand for faster and cheaper payments across the regions’ with a particular attention relatively to outbound remittance from South Korea from migrant professionals and workers, referring World Bank data.

Finally, Coinone is stated to run ‘Cross’, its retail remittance service wherein retail clients would be able to pass remittances to countries across Southeast Asia.

Ripple’s xCurrent solution will revolutionize the lives of our customers by providing them with a real-time, low-cost global remittance service.
Wonhee Shin
CEO, Coinone Transfer

Coinone is at present among more than 100 financial establishments including banks, payment providers, remittance forms and more on Ripple’s enterprise blockchain network, RippleNet. In February 2018, a number of regional banks in the Middle East led by the central bank of Saudi Arabia, declared a remittance launch powered by xCurrent over RippleNet to enable instant international payments between members of the network.