SBI Holdings is interested in blockchain

Japanese company is plannig to build a  "new financial ecosystem based on cryptocurrencies"
27 October 2017   1289

SBI Holdings, the financial services division of the Japanese SBI Group, announced its intention to go deeper into the world of blockchain and build a "new financial ecosystem based on cryptocurrencies". This is stated in the company's new financial report and reported by the CoinDesk.

These steps also include collaborative research with partners in order to collect "systematic knowledge" about blocking technologies.

In order to "solve problems" on cryptomarket, SBI Holdings plans not only to buy and mine cryptocurrencies directly, but also to find ways to use them, including creating investment opportunities. Future cases of using crypto currency include money transfers, trade financing and payments.

The SBI Group will endeavor to acquire cryptocurrencies, for the further development of products and services, and to secure market liquidity. This includes the mining of [bitcoin and bitcoin cash], and investments into U.S. Ripple (Ratio of 10.5%).
 

SBI statement

SBI Holdings also confirmed its intention to create a large platform for the exchange and trading of crypto-currencies, the plans for the opening of which was announced as early as 2016.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.