Sony Walks Into Crypto-Verse With Amber Group
The cryptocurrency industry has seen the arrival of several major firms into its ecosystem. Following this cryptocurrency trail Sony, Japan’s multi-industry conglomerate has decided to acquire Amber Japan, a prominent crypto firm. Through this deal, Sony will be debuting into the cryptocurrency exchange sector. With a $100 billion market valuation, Sony has long spoken about diversifying its holdings. To build its portfolio, the company entered the crypto currency market. The commercial subsidiary of the company, Sony Network Communications, collaborated with the Japanese blockchain startup Startale Labs to create Sony ’s own public blockchain network last year. According to the announcement, WhaleFin has changed its name to S.BLOX Co. This entity intends to work with the other companies in the Sony Group to provide value for its crypto currency trading services. In addition, the update also Features a new, more user-friendly mobile app and a refresh of the user interface. Det...