Mizuho to Launch Crypto For Cashless Payments

As part of the promotion of cashless payments in Japan, company attracted 60 local banks
27 December 2018   421

In March 2019, the Japanese financial corporation Mizuho Financial Group plans to launch cryptocurrency tied to the yen for mass use. This is reported by Nikkei Asian Review.

As part of the promotion of cashless payments in Japan, Mizuho attracted 60 local banks. According to the corporation’s plan, retail stores will charge a lower commission when calculating a new cryptocurrency than when paying with a credit card.

Holders of digital currency will be able to send funds to other users for free and transfer the asset from a bank account to a wallet. Cryptocurrency payments will be made using a special application and QR codes.

For the first time, Mizuho began testing digital currency back in 2016. The company plans to make cryptocurrency a basis for new mobile payment services.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.