You may all know about cryptocurrency, as it is becoming more popular and attractive for different businesses around the world. Lately, a Japanese conglomerate, DMM said that they have been planning a launch of Virtual Currency Division.
Virtual Currency Division of DMM will develop a DMM Mining Farm. The company claimed that the DMM Mining Farm will be the greatest mini farm in the country and it will be in among top 10 Bitcoin mining farms of the world.
Apparently, DMM group becomes a more popular in Japan because of its e-commerce empire, which provides almost everything from e-books to robots and it contains almost 27 million active users as well.
The company claims that its mining farm will be of “made in Japan quality” and they expect that it will be in top 10 mining farms in 2018.
Recently cryptocurrency is having a tough time in China but in Japan, Bitcoin is dominating the market and touching new peaks on regular basis.
It contains regulations for cryptocurrency as it is having legal tender status in Japan. Japan is named behind the overall success of cryptocurrency.
Recently, GMO Internet Inc’s planned to shift their attention towards bitcoin mining business and after that DMM has announced that it is going to develop a Bitcoin Mining Farm as well.
Like DMM, GMO is another internet giant which has planned to establish Bitcoin Mining center and they will be utilizing the latest 7nm process in mining center for mining. The company is also keen to do research and development in the mining process as well.
Moreover, the huge businesses are aligning themselves according to the latest technology blockchain and cryptocurrency. Lately, the Burger King has also announced their own cryptocurrency as well.
Few days after the Burger King’s announcement, a popular social media app, Kik has also decided to launch its own cryptocurrency which can only be traded within the app.