VeChain Joins Forces with Chinese Real Estate Company

VeChain cryptocurrency is aquiring more new partnerships, and recently reported about the agreement with Beijing Baisheng Technology Co to assist its subsidiary Fanghuwang to improve financial services
19 January 2018   717

VeChain has announced new partnership agreement with Beijing Baisheng Technology Co., Ltd to assist one of its branches Fanghuwang, a growing online lending platform in China in order to solve major problems within the real estate industry.

Fanghuwang company is providing property mortgage loans, collateral backed lending to small and medium enterprises and the owners of them in China, utilizes cloud computing and big data analysis technology in order to control risks connected with the industry.

VeChain and Fanghuwang plan to:

  • Enhance the client data collection system
  • Enhance data quality
  • Enhance data storage security
  • Enhance data shareability
  • Reduce costs

Previously, we have reported that VeChain announced partnership with Hubei Sanxin Cultural Media Ltd. to manage digital publication industry using VeChain Thor blockchain technologies, and that VeChain and Jiangsu PE Co. joined forces to develop IoT equipment.

VeChain Charts January 2018VeChain Charts

Currently the price of VeChain is rising, having increased 14% during past 24 hours, and VeChain grew from $4,58 to $5,86, while the market capitalization jumped from $1,2 to $1,6 during only one day.

At the moment of press, these are main market parameters of VeChain:

  • Average price: $5,86 
  • Marketcap: $1 623 150 302
  • 24h volume: $200 322 000

Japanese 'Money Forward' to Launch Crypto Exchange

Money Forward Financial is going to launch a media crypto platform this summer, and afterwards - a digital assets exchange
24 May 2018   63

The operator of the popular application for personal finance management Money Forward Inc intends to launch a cryptocurrency exchange this year, BC Focus reports.

Japanese fintech-company has been working in this direction since December last year. To implement the plans, the company has already registered a subsidiary division called Money Forward Financial.

Money Forward Financial is going to launch a media cryptocurrency platform, and afterwards - a digital assets exchange. In the future, the company plans to create a number of more advanced solutions for working with crypto-currencies, including automated payment systems and various analytical tools.

Currently, the customer base of the company has about 5 million users. The cloud application of Money Forward Inc for tax accounting and financial management is used by 500,000 Japanese companies and 2,400 accounting firms.

Big Japanese financial institutions are making steps to cryptocurrency business. Mitsubishi UFJ Financial Group (MUFG), world's 5th biggest bank has announced plans to introduce own cryptocurrency by 2019.