Topic: [2018-03-06] Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company (Read 88 times)

This week the Japanese financial services management group SBI Holdings has announced that it has acquired 40 percent of the Taiwanese digital currency hardware wallet startup Coolbitx. Over the past few months, SBI has been entrenched within the virtual currency industry as the bank plans to incorporate multiple types of cryptocurrency business models.

SBI Holdings Purchases Taiwanese Hardware Wallet Manufacturer
Japan’s Strategic Business Innovator Group (SBI) is a financial services company launched in 1999 and is headquartered in Tokyo. Over the past year or more the banking firm SBI has increased its interest and ownership of businesses that have a focus on cryptocurrency solutions. This past October news.Bitcoin.com reported on SBI investing in eight types of crypto-related business models including hedge funds, derivatives, remittance, storage, exchange platforms, and mining. Now earlier this week SBI revealed it has purchased a large portion of a Taiwanese hardware wallet company called Coolbitx.

SBI Aims to Further Enhance Security
Coolbitx and the ‘Coolwallet’ has been around since 2015 and introduced a hardware wallet that looks like a credit card by utilizing near-field-communication (NFC) and Bluetooth technology. The card pairs with a phone in order to initiate the transfer of funds such as litecoin, bitcoin core, ripple, and ethereum. When the company launched the card, the startup’s founder, Michael Ou explained, “Our wallet gives you the convenience of a credit card, but with a better security.” SBI believes hardware wallet technology is important to the bank’s research and development in the digital currency environment.

Read more https://news.bitcoin.com/japans-sbi-holdings-claims-40-stake-in-hardware-wallet-company