Last year, Tangem, the Swiss encryption company, introduced physical methods to spend and trade cryptocurrency. "Smart card" is "Smart banknotes" they are physical representations of cryptocurrency that could be transported and charged by users. The idea is that with a real physical representation of cryptocurrency, people can simply pass the note and make it even simpler, no paid transaction.
With the adoption and actual spending of cryptocurrency in mind, Ripple, along with the lender and partner SBI are investing $ 15 million to accelerate the amount of bribes that come into circulation. For 2019, Tangem already had vending machines, ATMs, coin exchangers and wider acceptance in retail outlets, and this inflow of money would accelerate these plans.
Yoshitaka Kitao, President and CEO of SBI, the Japanese investment company, believes that Tangem's product is an important factor in bringing blockchain and cryptocurrency to the masses. "Tangem's hardware portfolio, which is highly secure and cost-effective, is an important tool to promote the mass adoption of digital assets and blockchain. We believe that the use of Tangem will help to stimulate demand for other services. of blockchain provided by SBI. "
SBI has been associated with Ripple since 2016 and their cryptographic exchange VCTRADE has begun to allow XRP deposits at the end of 2018. VCTRADE is also set to become the first regulated exchange for Japanese residents, so they seem to push for use. and the adoption of cryptocurrencies from multiple angles.
Ripple recently confirmed that 27 companies would adopt the use of XRP, with another 13 using Ripple's xRapid system. While many in space have talked about Ripple as a company that will help companies interact with each other without the use of banks, the Ripple team does not want the public to focus on how the XRP and Ripple platform can help people to do the average small daily transactions.