Coinplug Wins $45,000 Prize for Blockchain ID Service

Coinplug Wins $45,000 Prize for Blockchain ID Service

Bitcoin services company Coinplug has snatched the top prize in a financial technology competition sponsored by major banking group JB Financial Group. Over 100 companies vied for a total prize pool of 130m Korean won ($116,200) at the FinTech Frontiers Fair held in Seoul, South Korea. JB Financial Group is a financial services company with over 35.5 trillion Korean won ($32.3bn) in assets and 3,300 employees. It is one of the leading innovators of financial technology in East Asia. Coinplug's winning entry, which scored 50m KRW ($45,500), was a system utilizing the bitcoin blockchain to....


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