18 May 2021: The Bitcoin Bridge: Is BSV the best blockchain for Islamic Finance?
There’s a major use case for Bitcoin SV (BSV) in an area that’s both niche, and worth billions of dollars: it’s Islamic Finance. Luckily for Bitcoin, one of Japan’s leading experts on the topic also happens to be the Bitcoin Association Ambassador for Japan and Malaysia. It’s Masumi Hamahira, who has pioneered Islamic Finance concepts in Japan for the past decade and says the BSV network is perfect for powering the kinds of contracts its structures are based on.
Hamahira began working for MUFG, one of Japan’s largest banks, in the late 1990s. In 2011 the bank sent him to Kuala Lumpur, Malaysia, to found its new Islamic Finance division—the rationale being that Japan lacks natural resources and needs an edge in energy commodities deals to keep its economy running. Since a large portion of the world’s oil and gas comes from countries where Islamic Finance is widely practiced in banking and business, it was a great opportunity.
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