BitFury Group and Credit China Fintech Form Joint Venture

Under the new deal Credit China Fintech will invest $30 million into BitFury Group, a blockchain infrastructure provider; the new joint venture is focused on selling BitFury’s bitcoin mining hardware; Phang Yew Kiat, vice chairman and CEO of Credit China Fintech told CNBC they are investigating using blockchain on fintech platforms which include both P2P lenders and payment services; Phang also stated they have a working prototype payment system using blockchain.  Source

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