FPT Corporation and SBI Holdings Invest in Million from Vietnamese Blockchain Project

The project will enable companies enrolled to decrease costs and secure information. FPT Chairman Truong Gia Binh said that”the maturation of Business 4.0 technologies has created breakthrough chances for companies, mushrooming so many innovative business models. We call it digital transformation.”
That exact identical month, the innovation and evolution wing of Vietnam’s biggest telecommunications operator Viettel Group, the Viettel Enterprise Solutions Corporation, specify a goal to become Vietnam’s leading blockchain tech provider in five years. “Blockchain is a unlimited ecosystem. The toughest job for Viettel is picking the most effective blockchain technologies that can be applied in everyday life,” that the organization’s deputy general manager Ngo Vinh Quy said then.

SBI has invested in a number of ventures in the cryptocurrency industry, such as its exchange Vctrade, alongside a collection of investments in companies creating infrastructure and solutions.

Published at Fri, 19 Apr 2019 22:35:00 +0000

Last October, MoneyTap, Ripple’s and SBI XRP-powered payments program, went in selected Japanese banks for account holders. The program intended to include a consortium of 61 institutions, representing over 80% of all the banking assets of Japan, in its own services.
Redeem and utop is designed to obtain loyalty points in merchants.

Technology firm FPT Corporation and financial services company SBI Holdings Inc have jointly invested $3 million in Deadly blockchain startup Utop, local English language daily news outlet Viet Nam News reported on April 19.