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Investment giant and Ripple partner SBI Holdings (SBI) has invested US $ 15 million in blockchain chip card portfolios, Tangem, through its subsidiary SBI Crypto Investment Ltd.
The Swiss-based financial technology company Tangem introduced its "smart banknote" for digital badets last May. Considered as the world's first digital badet manifestation, Tangem Notes allow users to carry cryptography or any other digital badet by enabling off-line physical transactions that give cryptography a quality that is close to that of Microsoft. 39; money. Like cash, a ticket is controlled by the person who holds it. By handing over the physical card, transactions are immediately validated and completed without charge.
The first million Tangem tickets were released in 2018, and a wider roll-out is planned for this year via ATMs, ATMs, coin exchangers and more retail outlets.
Said Yoshitaka Kitao, Managing Director, President and Chief Executive Officer of SBI,
"Tangem's highly secure and affordable hardware portfolio is an important tool for promoting the mbadive adoption of digital and blockchain badets. We believe that the use of Tangem will help boost demand for other blockchain services provided by SBI."
Kitao is well known in the crypto and Ripple communities. Speaking at the Japanese blockchain conference in Tokyo in 2018, Kitao said he thought crypto would fuel the next big economic boom in Japan.
Our biggest fans this week: @yoshitaka_kitao, @Hodor, @RippleFeed. Thank you! via https://t.co/PVPdmTGbU2 pic.twitter.com/v9tmMWh3Wx
– CryptoEri (@sentosumosaba) January 20, 2019
SBI invested for the first time in the Ripple blockchain technology company in 2016. The two companies jointly own and operate SBI Ripple Asia. As one of the largest blockchain players in Asia, SBI has built a–Financial ecosystem based on the development of digital badet activities to generate a mbadive adoption of crypto.
SBI's crypto-exchange, VCTRADE, began accepting Bitcoin, Ethereum and XRP deposits in December.
Market transactions are expected to begin in March, making VCTRADE the first bank-guaranteed exchange of cryptocurrency that is fully licensed for Japanese residents. The stock market will link its digital badets directly to the Japanese yen.
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Disclaimer: The opinions expressed in Daily Hodl are not investment advice. Investors should exercise due diligence before making high-risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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