Japanese financial services group SBI Holdings has purchased 40% of Taiwanese cryptocurrency hardware company CoolBitX, according to a press release published March 2.

In the latest venture in SBI's growing involvement with both the cryptocurrency and Blockchain industries, the finance giant is now making a major contribution to its ownership.

CoolBitX Currently Manufacturers CoolWallet as its primary offering – a hardware wallet to a credit card which communicates to devices via Bluetooth.

SBI is currently spearheading a mass trial of Ripple 's technology in a separate major venture involving around 60 banks, the majority of which are based in Japan.

One participant in the trial, South Korea's Woori Bank, has announced it to commercializ Ripple-based remittances by the end of this year

The company meanwhile has delayed the launch of its own cryptocurrency exchange, it announced Feb.

That consideration will also be a focus for CoolBitX going forward, SBI noting its practices with others in its "virtual currency ecosystem."

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