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#CryptoCorner: SBI Holdings Invests Seven Figure Into Digital Securities Provider, Bitstop Partners with U.S.'s Biggest Mall Operator to Install Bitcoin ATMs

 

Point Roberts, WA and Delta, BC - November 27, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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#CryptoCorner: SBI Holdings Invests Seven Figure Into Digital Securities Provider, Bitstop Partners with U.S.'s Biggest Mall Operator to Install Bitcoin ATMs

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SBI Holdings Invests Seven Figure Into Digital Securities Provider, Bitstop Partners with U.S.'s Biggest Mall Operator to Install Bitcoin ATMs, Ghana's Central Bank Governor Indicated Interest in Digital Currency and Swiss Federal Council Pushes for Updated DLT and Blockchain Framework

Stocks discussed: (TYO:8473) (NYSE:SPG)

Japanese financial services giant SBI Holdings (TYO:8473) has invested a seven-figure amount into digital securities provider Securitize, according to a report from CoinDesk. Securitize's founder and CEO Carlos Domingo did not disclose the exact amount of the investment. Domingo explained what the company intended to do with the investment.

"We're going to do business there and that involves not only finding customers in Japan, but also localizing the technology and making sure you know the language for the next similar types of integrations that you might be looking at."

"I think that the fact that [SBI is] putting their faith and investing in a company like us [is] signifying the move towards more adoption of security tokens."

Bitcoin (BTC) ATM company Bitstop has partnered with Simon Property Group, Inc. (NYSE:SPG), the U.S.'s largest shopping mall operator to install crypto ATM kiosks in several of the latter's locations. Andrew Barnard, Bitstop co-founder and CEO, commented:

"With the strategic timing of this new installation of Bitcoin ATMs at Simon Mall locations, customers can conveniently buy Bitcoin while doing their Black Friday and Christmas holiday shopping. Bitcoin is the perfect gift for family and friends this holiday season. Our Bitstop Bitcoin ATM mall locations are at the forefront of a trend as Bitcoin and digital currencies become part of the mainstream culture."

In a keynote address to the 23rd Annual Banking Conference, Ghana's central bank Governor Ernest Addison revealed that the bank is "in discussion with key stakeholders to explore a pilot project (in a sandbox environment) on central bank digital currency". According to local outlet Joy Online, Addison went on to explain:

"In its issuance of electronic money, GCB Bank [the country's largest commercial bank] would create electronic value backed by equivalent cash which will afford customers to have access to electronic wallets issued by GCB Bank (Ghana). The GCB Bank plans to leverage on its 189 branch network to offer its own agency banking services."

According to an official statement from its Federal Department of Finance, Switzerland's Federal Council proposed improvements to the regulatory framework governing distributed ledger technology (DLT) and blockchain. Without revealing a lot of detail, the statement outlines a report drawn up by the Federal Council:

It emphasised that it wants to create the best possible framework conditions so that Switzerland can establish itself and evolve as a leading, innovative and sustainable location for fintech and DLT companies. Moreover, it wants to consistently combat abuses and ensure the integrity and good reputation of Switzerland as a financial centre and business location.

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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