IOTA has signed an MOU with one of the largest Taiwan-based banking holding company, SinoPac Financial Holdings. With a global presence and multiple financial services provider, this partnership marks IOTA’s entry into the mainstream industry.
IOTA signs MOU with SinoPac financial holdings
IOTA is slowly but gradually trying to make into the mainstream as it collaborates with companies that are established and has a wide customer base. After automobile industry, IOTA is now entering the financial sector by collaborating with SinoPac. SinoPac Financial Holdings Company Limited is a Taiwan-based company that offers a wide range of financial services like securities, banking, venture capital, leasing, investment trusts among others.
Tina Chiang, Senior Executive Vice President, Chief Digital & Technology Officer at SinoPac commented:
“We are pleased to partner with IOTA in distributed LEDGER technology.”
IOTA Foundation and SinoPac have signed a Memorandum of Understanding that is effective immediately. By leveraging the Tangle technology of IOTA, the collaboration will be exploring the “new digital innovation landscape”. SinoPac has already been exploring blockchain and DLT, and now trying to work out IOTA Tangle which is “an open-source permissionless distributed ledger technology.”
