Godfather ICON received money from the South Korean authorities
Blockchain project ICONLOOP will be receive funding from the largest South Korean fund K-Growth.
ICONLOOP is a technical partner of ICON cryptocurrency.
Blockchain solutions take root deeper in Korea.
Blockchain project ICONLOOP, which is a partner cryptocurrencies ICON, received funding from K-Growth, the largest South Korean fintech fund.
The fund chose whom to donate money
ICONLOOP technology company ranked among six projects, selected to receive funding from the fintech innovation fund K-Growth, size funds which is about $ 100 million and which is supported directly by the South Korean government.
Along with the ICONLOOP blockchain project, access Companies from such promising segments as Big Data, robot consultants, artificial intelligence in finance and copyrights in the music industry will receive funds from the largest Korean fund. Notably, ICONLOOP became the only company selected from the blockchain segment.
ICONLOOP company since 2016 of the year specializes in the development and implementation of solutions based on distributed ledger technology, in Tom number she is a technical partner of ICON cryptocurrency (ICX). Unsurprisingly, the company’s success was tweeted by Markus Jun, chapter and Founder of ICON Hyperconnect, ICON Official Representative and Partner to Accelerate the ICON Foundation and the ICON Ecosystem.
“ICONLOOP has proven that is an a leader in innovative technologies, due to than She and was selected by the Financial Services Commission of South Korea. We are ready bring in blockchain innovations and solutions in the Korean fintech industry, as well as in a variety of other industries, ”commented Yoon.
Blockchain takes root in Korea
Earlier for work over joint projects ICONLOOP has already teamed up with heavyweights such as Samsung, the application for smartphones Naver LINE and the largest Korean conglomerate SK. Also company cooperates with the Seoul government and the national postal service.
IN this connections one of users Twitter, Commenting on Yoon’s post, he called ICON the leading blockchain solution in South Korea. Perhaps this news can provide support course ICX. As we talked about in a recent technical analysis, currency ICON (ICX) traded within a long-term upward channel, but not can overcome important resistance.
So, at the end of May, Samsung announced a partnership with the cryptocurrency exchange Gemini and the integration of its services into your blockchain wallet. Besides Togo, apart from Samsung, every South Korean heavyweight conglomerate already officially invested in blockchain technology.
South Korea recently officially legalized cryptocurrency trading on its territory, with experts pointing out that Asian market becomes a leader in regulation cryptocurrency industry, leaving America behind. Such news once again confirms that the world everything more active sucked into new the global race for leadership in the crypto space.
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