Japanese IT company GMO Internet going in 2019 to start their own stablein, provided the Japanese yen.
New digital currency will be called GMO Japanese Yen (GJY) and is expected to help the company comfortable to execute domestic transactions. Here it is worth mentioning that besides the main activities, mining, GMO Internet is actively developing the banking sector — recently, the company launched the service of Internet banking on the blockchain. Interestingly, the service, in addition to the distributed registry is to use artificial intelligence technologies and the Internet of things.
It is reported that in 2019, the tokens GJY will be posted on the cryptocurrency exchange Z.com, a subsidiary of GMO, however, trade stabilium will be available only in the Asian market.
The Japanese company follows the General trend — many players in the cryptocurrency market over the past few months spoke about plans to release stabilini or presented them. In July, the largest IT-giant IBM signed a partnership agreement with the company-developer of Stronghold on the issue stabilini on the basis of the blockchain Stellar. Token called Stronghold USD, he provided the us dollar at a ratio of 1:1. At the beginning of September about the release of this cryptocurrency exchange announced brothers Winklevoss Gemini. And a little later about creating your own stablein told cryptocurrency startup Circle.
All the above companies provide a token-dollar stock. The company GMO in the work of the yen will make Chinese blockchain-Fund Xiong’An. The organization is already working to develop stablein and expects to launch it by the end of this year or early next.