STX Cooperates With BAYSAND & QRF For The Cryptocurrency Market

STX Corp. uses the cryptocurrency market to develop bitcoin mining equipment together with technology consortium partners.

STX announced on Sunday that it has signed an agreement with BaySand, firm on the development of integrated circuits based on silicon valley (ASIC) and the Singapore QRF, which is part of the patent license Blockchain Defense, for the development of its first hardware Hanminer for bitcoin mining.

STX Corp. is a holding company of STX Group. The firm has been engaged in General trading such as energy, shipping, logistics and commodities including metal, steel, machinery and industries.

STX said it will begin mining Bitcoin chips in the market in the first quarter of next year. Under the agreement, STX will be responsible for the total sales and marketing flow of Hanminer.

The firm stated that the agreement was concluded at a time when there was a growing need for decentralized and rapid settlement of cross-border transactions.