financial services giant plans to launch its this summer, local media outlet reported April 27.
According to a recent announcement by company president Yoshitaka Kitao, the exchange SBI Virtual Currencies will support coins such as (BTC), (ETH), (XRP), and (BCH).
Yoshitaka suggested that BCH would be regarded as the settlement currency, as the scarcity of BTC makes it expensive and “tiring as a settlement currency”. He added that XRP would be a remittance currency.
While the launch date of the exchange remains unannounced, the SBI president stated that the exchange “will be number one in the blink of an eye.”
“When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear. [sic] We have to pursue safety thoroughly.”
SBI Group its plans for SBI Virtual Currencies in October, 2016. In December, 2017, it would partner with bitcoin trading platform , and would launch the exchange in early 2018.
In March, SBI of the exchange for security improvement purposes. The delay was ostensibly motivated by the and the Financial Services Agency’s (FSA) subsequently of exchanges.
In March, SBI Holdings of cryptocurrency company CoolBitX. CoolBitX’s primary offering is its CoolWallet, which can communicate with other devices via Bluetooth.
Published at Mon, 30 Apr 2018 21:07:43 +0000
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