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Tech Bureau, the leading Japanese blockchain technology company announced the introduction of a new service on its Zaif cryptoruccency exchange – Zaif Coin Reserve – and the development of the Catapult Blockchain Engine project in partnership with the cryptocurrency peer-to-peer platform NEM.
The Zaif Coin Reserve service will enable the clients of the Zaif cryptocurrency exchange to “reserve” bitcoin though automatic deduction of a set sum from their bank accounts on a regular basis. According to Tech Bureau, this would be a convenient long-term low-risk investment offered at a dollar-cost averaging plan. The company notes it is aimed at people looking for a low return that provides a stable additional income.
The minimum sum that can be invested is JPY 1000 (around $9) and the maximum – JPY 1 million ($ 9062) per month. The company will be charging a commission, based on the size of the set sum. It starts from JPY 100 and rises up to 1.5% for sums over JPY 50 000.
In another development, Tech Bureau announced it has moved forward the development of the Catapult Blockchain Engine project in partnership with cryptocurrency peer-to-peer platform NEM. This would not be the first cooperation of the two companies, after the development of Tech Bureau’s private blockchain ledger Mijin.
The new solution will integrate code from Mijin, which can handle over 1000 transactions per second, into NEM’s open source blockchain solution. According to the company press release, the primary purpose for Catapult would be deployment in the financial services industry, which is already turning its gaze to the blockchain technologies. Naturally, it is also expected to accelerate the growth of both companies and their partners.
Recently Tech Bureau announced it has raised $6.2 million in a third party allocation of shares as Series A round.
NEM was established in 2014. It is a peer to peer cryptocurrency platform and provides/will provide services like payments, messaging, asset trading and smart contracts.