Koji is an online payment and savings service provider in the United States, and the company is one of several startups that is offering blockchain technology to help the nation’s financial system better meet the needs of its customers.
Koji, which has a $40 billion market cap, announced a $1 million investment in the bitcoin mining startup Coindesk last month.
Coindeks cofounder and CEO Jeremy Allaire has stated in the past that bitcoin is not the ultimate currency.
In contrast, Koji has made an effort to focus on blockchain, with the company’s new blockchain technology that has been announced in October.
According to its website, Kojibox is an enterprise blockchain platform that will “enhance our ability to deliver our clients with high-performance digital assets at low-cost and with high reliability.”
It is not clear what type of blockchain technology Koji will use, though the company has also indicated it will use bitcoin.
Kojibrox’s cofounder has previously stated that bitcoin would be a good option for Koji.
Koi said in a blog post last week that it will not charge fees on the blockchain platform, and that it does not need to worry about having to comply with anti-money laundering regulations in the U.S. If bitcoin continues to become more popular, it is likely that more blockchain startups will be entering the market.
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