Cryptocurrency

25/03/19 08:17 UTC-4

SBI Holdings Japanese company creates a crypto-platform

SBI Holdings is moving into the world of crypto
SBI Holdings is moving into the world of crypto

SBI Holdings Japanese company announced  that it plans to get closer to the crypto-mining industry. To accomplish this, Tokyo's financial giant has just opened a subsidiary, SBI MiningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
Chip Co., Ltd. (SBIMC)

Earlier, SBI joined the Ripple xRapid money transfer system and encourages its partners to accept XRP, as well as the Ripple tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
bank transfer application.

Interesting in the section: Prospects of Ripple on the financial market

Creating a platform can be a discovery for crypto-mining in Japan. SBI has already invested in crypto-mining operations and will now directly produce equipment that can be used for this process.

The new business of the SBIMC financial giant will be responsible for the production of cryptocurrency chips, as well as for the development of mining systems.

 

The main goal of the platform

Speaking about its main goal of creating a SBIMC unit, SBI Holdings said: "The SBI group will promote efficient, reliable and sustainable mining operations to develop a reliable cryptocurrency market."

Interesting in the section: Factom, as a potential leader in document management

SBI Holdings Japanese giant announced the creation of a SBIMC crypto-company. The company will be headed by a former NASA employee and Silicon Valley veteran Adam Traidman, "an expert with a high level of knowledge in advanced semiconductors and other electronics."

Editor: Godfrid Brower

See also: "The upcoming Ethereum hardfork will include the ProgPow consensus model"

#Japan #SBIHoldings #SBI #cryptocurrency #blockchain #SBIMC

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