GMO Internet, Inc. has hosted briefing session regarding mining of virtual currency (Bitcoin mining) on September 13. This market entry move has already been announced on 7th, and this press conference by Kumagai Masatoshi, CEO and President of GMO Internet, Inc. has been the center of wide attention recently.
Kumagai has written in his blog on Sept. 8th, “The Internet securities, Forex, Clearance, Bitcoin trade, and Netbank to open next year. We will link (the mining business) with these businesses and provide service which is cheap, fast, convenient and reliable.”
At the start of press conference, regarding the motivation behind this market entry Kumagai said, “The Internet has made the world flat, especially in the sense of informatization. And recently, values of people and things are being replaced by virtual currency which is digitized currency and beginning to be circulated as global currency, creating borderless economic zone. In other words, virtual currencies can be seen as infrastructure of new economy. From here on, just as informatization has made the world flat, worldwide common economic zone will evolve with virtual currencies, and our entry to mining industry as a Japanese company will surely be a worthwhile one.”
Kumagai said the problem with mining business is its contribution to global warming and stated that his company will try to solve this in its operation. He mentioned these two solutions:
I'm Hiro.