Japan may be on the road to a national digital currency, but local companies in the world's third-largest economy can continue to innovate and ensure healthy competition.
Coincheck, a Kryptonian stock exchange based in an Asian country, is currently trading, selling and buying for eleven crypto currencies. On 25 February they announced that they were planning to add more to this mix. Cryptocurrency Qtum (QTUM) will soon be the 12th available for trading on the exchange.
As with other crypto currencies, the exchange manages, Coincheck will allow users to send, receive, buy and sell Qtum.
However, they will also be able to use Qtum for Coincheck credit service. Within the existing service, users can borrow their crypto-currencies for exchange by agreeing to a credit agreement. Upon expiration of this agreement, Coincheck will return the cryptographic currency at an annual interest rate. The currency claims that the annual interest rate is up to 5%.
Qtum is a blockchain platform established in December 2016. They are working with both Google and Amazon to develop their Dapps platform. Since 25 February, the release date for cryptocurrency has not been set.
