Report

PSA Fintech: Gumi (3903 JT) Buys XRP as It Looks to Ripple for In-Game Transactions

SBI Holdings-backed video game developer Gumi announced it was buying ¥2.5bil [US$17mil] XRP as it looked to bring Ripple into the video game blockchain world. Pelham Smithers explains what is involved.
Underlying
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Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

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Pelham Smithers

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