Connect with us

À la une

Gate.io will help Busan build blockchain infrastructure

Published

on

Exchange Gate.io will help Busan government build its own blockchain infrastructure. Gat.io joins Binance, Huobi and FTX in the South Korean city’s Web3 push.

On October 26, the CEO and founder of exchange platform Gate.io, Han Lin, signed a memorandum of understanding with the mayor of the city of Busan, Heong-Joon Park. This memorandum of understanding aims to boost the development of blockchain technology in the city.Building its own infrastructure for citizens.

The terms of the agreement have not been disclosed, but according to Gate.io’s statement, they will help develop the city’s cryptographic industry. One of the points that have been revealed is that. Gate.io will offer the Busan government to develop, manage and distribute a stable local currency..

On the other hand, Gate.io will also offer support in establishing the upcoming Busan Digital Asset Exchange, a local exchange platform.. Other exchange platforms such as. Binance, Huobi and FTX will also participate in this initiative and have already signed their memoranda.

In 2019, the South Korean government recognized Busan as a zone free of regulations by the country’s regulators.. Following this, the city government and its citizens began pushing for various web3 initiatives, with the goal of becoming one of the world’s blockchain hubs.. This is a goal far from being achieved, but the growth of blockchain infrastructure in the city continues to increase over the years.

Advertisement

Gate.io does not intend to limit itself to Busan, the exchange intends to expand its operations and offer its services to more regions of South Korea.. Gate.io was launched in 2013 and is currently based in the Chicago metropolitan area in the United States. Expansion has been the main goal of the management, which currently offers more than 180 different coins and about 400 cryptocurrency exchanges available to users around the world.

A lire aussi :   Bank of Spain registers more than 40 bitcoiners, but does not supervise their operations

Continue reading as Twitter may be working on a cryptocurrency walletThis could be interesting.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.