Contents
South Korean conglomerate intends to offer its criptomoneda in China
South korea is one of the world’s countries less friendly to the cryptocurrencies, although at the same time one of the most important in the development of the uses of technology Blockchain. For this reason, the conglomerate Kakao, one of the largest in the asian country, have not many hopes of being able to offer your criptomoneda, the Klay, in the exchanges that currently exist in this country, so you would be looking for alternatives in China. Kakao is simply “too big to be ignored” in the words of an official of the south Korean government, and is the holding company of $ 8 billion was to be allocated to multiple industries, from finance to entertainment.
HSBC executes letter of credit in Yuan through the Blockchain
One of the main sectors that are currently working with companies that are dedicated to the development of the technology Blockchain, is the facilitation of international transactions, a process that traditionally can take days. For this reason, it is very important that a bank of world-class as HSBC, have been able to carry out the execution of their first letter of credit in yuan, thanks to the support of the technology Blockchain. This transaction would have been made thanks to the technology created by the company R3, and disposition of financial companies through the platform of Voltron, driven with a Corda. The transaction consisted of payment for the export of LCD products from the people’s Republic of China by the firm of Shenzhen MTC, to its subsidiary in Hong Kong, MTC Electronics.
Indian conglomerate will launch platform Blockchain for finance and insurance
The technology Blockchain continues to revolutionize all aspects of our daily life. And is that a technology as powerful and flexible as this cannot be ignored by any big company in the world, beyond what they may think their governments. It is therefore not surprising that the indian conglomerate Mahindra Group, has partnered with the u.s. firm technology accounting distributed, Adjoint, to launch a solution based on Blockchain for financial management and insurance. With this platform, it is expected that the customers of Mahindra to save 4 million dollars for each billion used in the financial management of risks, making the data storage process more secure and efficient.
Exchange thai closes operations
The exchange in thai Bitcoin Co. Ltd. (BX.in.th) announced the end of its operations this September 2, through a statement published on its official website, with the goal, according to says the same, to focus on “other business opportunities”. This exchange had worked for 5 years, being regulated up to now by the u.s. Securities and Exchange Commission of Thailand. The company requested the investors of your platform that you withdraw your money before November 1 of this year, as it will not prompt for a license of exchange of digital assets by 2020. The company also thanked its customers for their loyalty throughout its five years of operation, and offered advice on the process of withdrawal of funds. All deposits will be disabled by this September 6, and the operations are stopped completely on the 30th of this month. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.