SBI Crypto to Invest $15M to Tangem

Tangem startup launched a pilot sales of real bitcoin banknotes worth 0.01 and 0.05 BTC
21 January 2019   510

Startup Tangem announced it has received $ 15 million in funding from SBI Crypto Investment Ltd., a digital asset investment company managed by Japanese corporation SBI Holdings Inc.

According to the announcement, the investment of SBI Crypto Investment will help Tangem in achieving its goal of mass distribution of the blockchain technology. In particular, the startup intends to focus its attention on new industries that have increased data security requirements and are able to find use for digital assets on the blockchain. Such industries include cryptocurrency, stablecoins, initial coin offerings (ICO), tokenized asset placements (TAO), digital identification, anti-counterfeiting, etc.

We take the next big step on our mission to bring blockchain to people’s everyday life. In 2018, our technology was proven by the markets after we launched the mass production of Tangem cards for crypto currencies and tokens. With this additional investment in 2019, we will be able to extend our product offering in other industries and provide better support to companies which embrace the idea of physical distribution of blockchain assets.

Andrey Kurennykh

Co-founder, Tangem

8 months ago Tangem launched a pilot sales of real bitcoin banknotes with denominations of 0.01 and 0.05 BTC, which are intended to ensure the security of cryptocurrency storage and simplify the process of calculations with its use.

Binance Android App to Support CC Payments

Additionally, crypto-fiat exchange Binance Singapore was launched
25 April 2019   70

Binance has updated the application for the Android OS. Now users can buy cryptocurrency using their credit cards.

In particular, the feature of buying Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with your credit card is now available.

At the same time, the launch of the Binance Singapore crypto-fiat exchange took place. So far, only one trading pair is available to users of the site - BTC / SGD, but later in the listing other coins may appear.

Singapore users need not only to create an account, but also to link it to an account in the local Xfers payment service, which provides cryptowallet approved by local regulators.

It is noteworthy that earlier Xfers was a partner of Coinbase, when the latter launched its services in Singapore, but relations between the companies were terminated.