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January 20, 2022
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Japanese giant GMO Internet Group to build blockchain business on Klaytn » CryptoNinjas

GMO Internet Group, a Japan-based web service supplier. introduced it’ll companion with Klaytn Foundation to discover blockchain business on Klaytn, a blockchain initiative by the Kakao Group.

This newest transfer is a continuation of the conglomerate’s growth in web infrastructure, monetary companies, e-commerce, funds, and cryptocurrency business segments. It at present operates a web-based FX buying and selling platform and brokerage, web financial institution, cost gateway companies, cryptocurrency exchanges, and is the issuer of stablecoins GYEN and ZUSD that are pegged to JPY and USD.

Klaytn Foundation is a non-profit entity in Singapore that helps the Klaytn blockchain ecosystem by accelerating the sustainable international development of Klaytn. Klaytn is a service-centric blockchain platform that goals to present an intuitive improvement surroundings and user-friendly experiences for blockchain.

“The partnership of the biggest web firm in Japan with one of many largest tech firms in Korea is one which encompasses a shared dedication to constructing new and open digital economies and providing a digital hall to each marketplaces via the Klaytn blockchain.
– David Shin, Head of Global Adoption at Klaytn Foundation

Klaytn Foundation helps companions via numerous assets for testing the feasibility of blockchain companies. One of the methods that is completed is thru the administration of the USD $500 million Klaytn Growth Fund, which helps ecosystem gamers via numerous capital deployments.

“GMO Internet Group will utilize the blockchain technology know-how we have accumulated so far and will look to further expand the possibilities of blockchain technology through the partnership.”
– Ken Nakamura, Chair of Crypto Business Committee at GMO Internet Group

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