Qtum has signed a deal with Qihoo 360 from China. This is reported by Use The Bitcoin.
Qihoo 360 is well known in its country dealing with network security issues in the market. The partnership also involves BitMex institute’s BTN Foundation. Qihoo 360 is the creator of popular anti-virus that is used by more than 500 million users in the world, mainly in China.
360 Finance, part of Qihoo 360, BTN Foundation and QTUM signed the cooperation memorandum. These companies joined forces in order to develop blockchain solutions across the group`s products.
The strategic alliance of 360 Blockchain Research Centre, BTN Foundation, and Qtum Foundation is an instrumental part of our global strategy in diversifying the portfolio and industry reach of our ecosystem.
Vice-president, 360 Finance
As reported, Qihoo 360 has chosen Qtum because it allows to process fast transactions with cheap fees. Additionally, Qtum offers the ability to execute smart contracts, something of importance for the company.