SBI Holdings to Issue S Coin for Mobile Payments

Companies Orb and Glory Corporations will be the partners of the project
27 September 2018   845

In October, the Japanese financial giant SBI Holdings will launch a token called "S Coin" in a test mode. The coin will be available for mobile payments, CCN reports.

Orb and Glory Corporation will act as partners of the holding. SBI employees are the first to test the token when calculating in corporate restaurants. The authors of the project believe that this will allow to study the possibilities of blocking technology for non-cash transfers and to study the details of the process.

During the test, SBI will introduce ATM technology from Glory to the S Coin platform. Latter, credit cards and coin wallets will be integrated.

The developers promise that the solution will allow to carry out transactions with fast conversion of the currency into tokens. Also, the S Coin platform will allow users to produce their own digital coins.

In turn, the provider Orb will provide blockchain based solutions for payment transactions.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   107

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.