Payments made on Gmos new internet bank will be settled using the blockchain.

2018-7-17 20:16

Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments.
The new entity – dubbed GMO Aozora Net Bank – aims to provide new financial services through the integration of fintech and IT, and will leverage advanced security certificates, blockchain, artificial intelligence and internet of things, according to the document.
In a press release, the new bank said it will work with GMO Internet “to develop a new settlement system utilizing blockchain technology.”
The bank states:
“Through the application of blockchain technology, there is an increasing expectation for breakthroughs for safer and cheaper payments and financial services.”
In the future, GMO Aozora Net Bank further plans to become what it calls a “platform bank,” making its payments infrastructure available to other firms under a “white label” licensing scheme.

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