South Korea’s City Of Busan Starts Partnership With Hyundai Pay Blockchain Company

2019-2-13 20:57

South Korea’s Second Largest City Starts Partnership With Blockchain Company

Busan, the second largest city of South Korea, only behind Seoul, has decided to sign a Memorandum of Understanding (MoU) with Hyundai Pay, a blockchain company. The partnership was made so that the company will help the city to develop a blockchain platform and a crypto wallet. These blockchain initiatives will be used to promote the growth of startups in the Busan area.

According to the MoU, Hyundai Pay will move its headquarters to Busan and will also create the necessary infrastructure for the fintech hub in the area. Another goal is to revitalize the blockchain industry in order to contribute to the development of a local information and communication technology industry locally.

The spokesman from the city of Busan has affirmed that the town is planning new services as part of a larger goal to turn the city into a large hub for the blockchain technology and the fintech industry, which they believe that will be important in order to help the growth of the city.

The Korean Crypto Hub

Everybody knows about the Silicon Valley, so the idea of promoting a big tech hub is nothing new. In fact, the City of Busan is inspired by the Crypto Valley of Switzerland as a model to create its own local hub.

Last year, the city government has announced that it would spend at least $3.5 million USD to create a virtual power plant that would be backed with the blockchain technology, so it is clear that the government is betting on this technology as the future.

These are all small steps, though, as creating a blockchain hub is a very difficult mission that needs the cooperation of the local government and several companies at the same time.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 13th)

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

South African Rand (ZAR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ZAR

company city blockchain partnership south korea largest

Источник: bitcoinexchangeguide.com

company city → Результатов: 85


Фото:

Bitcoin ATMs Ignore Market Downturn, Rapidly Spread Throughout US Cities

Bitcoin ATMs continue to spread across the United States at a rapid clip.   Chicago is the latest city to see an increase in ATMs supporting both the cryptocurrency market leader and various popular altcoins — thanks to an Atlanta-based company called Lux Vending, which has dropped 30 ‘Bitcoin Depot’ ATMs throughout the Chicago already this year.

2019-1-29 10:00


Russian Company Telecor Announces Construction of Data and Mining Centre Redstone, with Operations Set to Commence in June 2019

Bitcoin Press Release: New Russian-based data and mining centre Redstone has announced that it has nearly finished its construction and will begin operations in June, 2019. December 10th 2018, Krasnokamensk, Russia – New data and mining centre, Redstone is currently under construction in the Russian city of Krasnokamensk.

2018-12-11 23:02


Фото:

Tokyo travelers can now rent a limousine with Bitcoin

Tokyo has taken another step towards cryptocurrency “mass adoption,” and will be giving high-rollers another place to spend their hodlings. The Hinomaru Limousine company claims it will be giving passengers the opportunity to pay for their travel – between the Japanese capital and the city’s two major airports – in digital currencies, Bloomberg reports.

2018-11-5 14:20


Фото:

Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert

Consumer protection lawyer Jeffrey Berns is the owner and CEO of Blockchains LLC, a company that bought more than 67,000 acres of land in northern Nevada for $170 million earlier this year. On Thursday, he revealed plans to build a crypto city in the desert, claiming to have invested $300 million to make it a […] The post Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert appeared first on Bitcoin News.

2018-11-4 22:30


Crypto News Outlet Thinks Elon Musk is Building a Blockchain Smart City with Blockchains LLC

Could Elon Musk Build a Blockchain Smart City in Cooperation with Blockchains LLC? During the last months, there have been different speculation about a pilot of a Smart City Project. As per certain reports, this project could be backed by the Nevada-based company Blockchains LLC and Elon Musk. Apparently, the Smart City pilot would be […]

2018-10-27 18:44


Taking a closer look at City Index

As far as broker sites go, City Index is as thorough as it gets. Forex trading and CFD trading are made easy by this company founded in 1983. Now available and regulated in various countries around the world, City Index is one of the leading brokers in spread betting, and today they are also leaders […] The post Taking a closer look at City Index appeared first on ZyCrypto.

2018-10-18 17:02


дальше еще 36 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Arcblock crypto jumps 64% in one month: Is $4.12 next?

Arcblock crypto’s price has increased by 64% in the last 30 days. Bullish pressure is significant in the token’s market. ABT, the native token of Arcblock crypto, a platform designed to The post Arcblock crypto jumps 64% in one month: Is $4.12 next? appeared first on AMBCrypto.

Ethereum ETF chances 'slim to none' as SEC considers ETH 'security'

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange ComThe post Ethereum ETF chances 'slim to none' as SEC considers ETH 'security' appeared first on AMBCrypto.

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.

What's in store for XRP as XRPL development activity picks up pace?

The increase in development activity had little to no effect on XRP's price. A good buying opportunity might have presented itself, on-chain data revealed. Development activity on the XRP LeThe post What's in store for XRP as XRPL development activity picks up pace? appeared first on AMBCrypto.