RATE Group | Chinese Province Launches Blockchain-powered SMB Financing + More News
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Chinese Province Launches Blockchain-powered SMB Financing + More News

04 Jan Chinese Province Launches Blockchain-powered SMB Financing + More News

Posted at 05:07h in Cryptocurrency News by

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Chinese Province Launches Blockchain-powered SMB Financing + More News 101
Source: iStock/YinYang

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Blockchain news

  • China’s Guangdong Province has launched a blockchain-powered finance platform for small and medium-sized businesses (SMB) in the region. Per Sina, the platform will allow SMBs to take out loans from the local authority, and has been co-created by OneConnect, the blockchain and fintech arm of Chinese insurance giant Ping An. As previously reported, OneConnect is also looking to move into the Japanese banking sector in conjunction with the SBI Group.
  • Over 40% of Brazilian fintech companies want to work in the blockchain sector, per media group Valor Investe findings, as reported by Criptonoticas. The study found that there are currently some 500 fintech startups in Brazil, 4/10 of which are actively focusing on cryptocurrency or blockchain technology, and 22% of which are…

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