Sony to restart cryptocoin exchange Whalefin - page 2.

ABCbits

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Quote from: bbc.reporter on July 01, 2024, 07:58:39 PM

Also the article mentioned a new app for the exchange. We might see this app installable not only on Sony's phones, it will be in the Playstation, Sony TVs and other hardware devices.

It's not impossible and in past Sony also did research and make patent related with blockchain. But AFAIK there's no news which claim Sony add blockchain feature to their digital services, so i have doubt it'll happen anytime soon. I also recall Sony global marketshare on smartphone is very low, where many news simply state it's below 1%.

shield132

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I wonder if Sony has statistics of what percentage of coupon purchases come from crypto websites like Bitrefill. Maybe there is a demand for crypto payments and they want to enter this field?
Sony is into Electronics, games, movies, animation and the music industry. To be honest, it's a little surprising that Sony acquired a crypto exchange and now plans to run it finally. It's an interesting move, whatever Sony does, does it very well (except Xperia). I personally expect something cool and unexpected from them, they might leave their footprint in Web3.

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Quote from: mk4 on July 02, 2024, 12:58:39 AM

I guess someone on the Sony board figured out how degenerate people generally are and how much demand gambling has.

It is an exchange that Sony is going for and not a gambling site. I can say that most altcoins is like people that are buying and trading it are gambling but that does not mean that they are gambling but it is very risky.

Quote from: mk4 on July 02, 2024, 12:58:39 AM

I totally doubt it. This acquisition and business decision is surprising enough — crypto is totally out of the scope of Sony and these companies' expertise and what they're known for doing.

I also doubt this.

mk4

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I guess someone on the Sony board figured out how degenerate people generally are and how much demand gambling has.

Quote from: bbc.reporter on July 01, 2024, 07:58:39 PM

If this exchange becomes a very successful business for Sony, does this also imply that Samsung and other similar companies might make similar business decisions?

I totally doubt it. This acquisition and business decision is surprising enough — crypto is totally out of the scope of Sony and these companies' expertise and what they're known for doing.

bbc.reporter

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Sony? This news was shocking for me hehehe. However, what does this imply for the cryptospace? If this exchange becomes a very successful business for Sony, does this also imply that Samsung and other similar companies might make similar business decisions?

Also the article mentioned a new app for the exchange. We might see this app installable not only on Sony's phones, it will be in the Playstation, Sony TVs and other hardware devices.

Sony is planning to restart the crypto exchange Whalefin, which it bought from crypto lender Amber Group last year.

The deal was reported earlier by Wu Blockchain, and the details were later revealed by the Block.
On Monday, Whalefin put out a notice that parent company Amber Japan was rebranding to S.BLOX. The notice added that the company was bought by Quetta Web, a unit of Sony, in August 2023.

Sony plans to restart the crypto exchange soon with a new app, the firm said in a release on the PR Times.

Read in full https://www.coindesk.com/business/2024/07/01/sony-buys-ambers-japan-unit-to-enter-the-crypto-market-reports/

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