After much talk about the issue of bitcoin smart banknotes, Tangem is collecting a $15 million investment from SBI Crypto Investment Ltd to expand the mass adoption of the new blockchain smart cards, extending their range of services.
According to reports, the specialist in crypto smart banknotes based on NFC technology has raised $15 million to expand their technology also in other areas, of which the blockchain is the pioneer.
The plan for 2019 is to incorporate services such as stablecoins, token distribution (ICO/TAO), ticketing, anti-counterfeiting, digital identity and retail promotions and loyalty, so as to provide the masses with increasingly easy access to the different range of services that blockchain offers.
Tangem co-founder Andrey Kurennykh says:
“In 2018, our technology was proven by the markets after we launched the mass production of Tangem cards for crypto currencies and tokens. With this additional investment in 2019, we will be able to extend our product offering in other industries and provide better support to companies which embrace the idea of physical distribution of blockchain assets“.
The goal of Tandem and the blockchain smart cards is to make it easier for everyone to use the technology, remaining on the strategy of the physicality of the card that recalls the classic banknote.
On the other hand, there is the investing company, SBI Crypto Investment Ltd. based in Tokyo, which is dedicated to the creation of a fintech ecosystem.
SBI CEO Yoshitaka Kitao said:
“The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stipulate the demand for other blockchain services provided by SBI“.