Business 15 February 2019

Ed Drake

Huobi Wallet brings Bitcoin SV, other cryptos to Japan and Korea

Huobi Wallet has extended support for cryptocurrencies like Bitcoin SV to its customers, now including those based in Japan and Korea.

On Thursday, Huobi Group released the Korean and Japanese language version of its Huobi Wallet. The localized apps mark the third and fourth language versions of the wallet app, updated in response to strong demand from customers in the two Asian countries.

Launched in 2018, Huobi Wallet is the Huobi Group’s flagship wallet app, offering a professional-grade multi-chain light wallet for users to buy, sell and store cryptocurrency. The wallet supports BSV, alongside Bitcoin Core (BTC), Ethereum (ETH), Bitcoin Cash (BCHABC), Tron (TRX), Ripple (XRP), EOS, Ethereum Classic (ETC), Litecoin (LTC), among others.

According to Livio Weng, CEO of Huobi Global, the decision to extend functionality to Japan and Korea was a natural next step for the firm in responding to the needs of its international customer base. He noted, “Moreover, Japan and South Korea are two of the most advanced crypto markets in the world, so making sure Huobi Wallet has a presence there simply makes sense. We’ll be adding support for additional languages as times goes on.”

Huobi Group is the world’s largest blockchain company, with 10 different companies operating within the wider group. Their decision to extend support for BSV in Japan and Korea ensures customers there will have full access to trading in the currency through their secure, personal wallets, alongside all the other benefits of the Huobi Wallet product.

The launch is the latest instance of a major crypto brand pushing forward with BSV. Already proving popular with merchants and consumers alike in other markets, the decision to take BSV to Korea and Japan is only the latest boon for the cryptocurrency.

Bitcoin SV (Satoshi’s Vision) offers fast transaction speeds, low costs and massive scale potential by adhering to the founding principles of bitcoin as envisaged in the Satoshi whitepaper.

With a growing number of wallets joining other crypto businesses in supporting BSV, the Huobi Wallet looks set to present a challenge to incumbents in these, two of the largest global markets for cryptocurrency.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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