Japanese financial services firm SBI Holdings will partner with R3 to expand the use of the Corda platform and create a joint venture. A day earlier, the largest blockchain consortium also announced the launch of a new payment application Settler, which will support XRP..
SBI Holdings said it plans to expand its investment stake in R3 to create a joint venture to promote and expand the use of the Corda platform. Financial holding expects partnership to expand beyond Japan to across Asia.
According to R3 President David Rutter, the joint venture will facilitate development of Japanese services and general acceptance of technology.
Yesterday, the consortium announced another, rather unexpected collaboration with Ripple. Previously, the companies competed and even sued, but found a compromise, which resulted in the universal decentralized application Corda Settler..
The platform allows you to make payments using fiat, virtual currency and any other «traditional» assets using systems that support cryptographic proof of settlement. The first supported cryptocurrency was XRP.
The application automatically transfers payments and updates the Corda registry. In the future, it will be added opportunity deferred payments and real-time confirmation.
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Recall that the Russian FinTech Association approved the concept of a national project «Digital profile».
text: Ivan Malichenko, photo: Shutterstock, pbs.twimg