Stock Handling with Bitcoins

Daishin Securities will work together with Coinone to develop financial services using block chain technologies.
Daishin Securities will work together with Coinone to develop financial services using block chain technologies.

 

Daishin Securities Co. will develop the system that allows consumers to trade stocks by exchanging bitcoin, a digital and virtual currency, into the won.

The company announced that it has signed a memorandum of understanding (MOU) for cooperation in the bitcoin block chain sector at the headquarters in Yeouido, Seoul, on Apr. 14. The signing ceremony was attended by Daishin Securities CEO Na Jae-Cheol and Coinone CEO Cha Myung-hoon. A block chain is a technology prevents hacking, which can be occurred during the virtual currency transaction, and is often called the public trading books.

With the latest MOU, Daishin Securities will work together with Coinone to develop financial services using stock service and block chain technologies. First, they will develop the service that enables Daishin Securities customers to exchange their bitcoins into the won and use it as deposits through the introduction of the block chain technology.

Coinone, which belongs to Yellow Financial Group, is a startup that researches and develops block chain-based services including payment, e-wallet and remittance. It currently runs the bitcoin exchange.  

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