Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ripple Partner SBI Invests $15 Million to Expand Crypto Ecosystem for Mass Adoption

by Daily Hodl Staff
January 21, 2019
in Altcoins
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Japanese investment giant and Ripple partner SBI Holdings (SBI) has invested $15 million in the blockchain smart card wallet producer Tangem, through its subsidiary SBI Crypto Investment Ltd.

The Swiss-based fintech company Tangem introduced its “smart banknote” for digital assets last May. Billed as the world’s first physical manifestation of digital assets, Tangem notes allow users to carry crypto or any other digital assets by enabling off–chain physical transactions to give crypto a cash-like quality. Like cash, a note is controlled by the person who holds it. By handing over the physical card, transactions are immediately validated and completed with zero fees.

The first million Tangem Notes entered circulation in 2018, with a wider rollout planned for this year through vending machines, ATMs, money exchangers and more retail outlets.

Says Yoshitaka Kitao, representative director, president and CEO of SBI,

“The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stimulate the 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 believes that crypto will 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 first invested in the blockchain tech company Ripple in 2016, and the two companies jointly own and operate SBI Ripple Asia. As one of the biggest blockchain players in Asia, SBI has built an internet–based financial ecosystem as it expands its digital asset-related ventures to generate mass crypto adoption.

SBI’s crypto exchange VCTRADE began accepting Bitcoin, Ethereum and XRP deposits in December.

Market trading is set to begin in March, which will make VCTRADE the first bank-backed, fully licensed cryptocurrency exchange for Japanese residents. The exchange will pair its digital assets directly with the Japanese yen.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$47,104.00
$47,104.00
0.38%
Ethereum
$1,478.70
$1,478.70
0.68%
Binance Coin
$227.85
$227.85
1.71%
Polkadot
$35.24
$35.24
15.02%
Cardano
$1.43
$1.43
26.86%
XRP
$0.436792
$0.436792
1.09%
ADVERTISEMENT

Spotlight

  • People Underestimating Magnitude of Wave That’s About To Hit Bitcoin and Crypto, Says Binance CEO
    February 20, 2021
  • Top Crypto Analyst Says One Altcoin Will Recover Stronger and Faster Than the Rest
    February 24, 2021
  • Abra CEO Says Bitcoin Could Shatter $250,000 This Year, but Major Crypto Correction May Be Around the Corner
    February 21, 2021
  • This Crypto Sleuth Thinks He’s Uncovered Satoshi Nakamoto’s Secret Twitter Account
    February 25, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.