TOKYO, Aug 29 (Information On Japan) –
Japan’s first digital currency-based company settlement service, protected by expertise to forestall counterfeiting and unauthorized entry, is ready to launch.
Miwa Yamai, Govt Officer at IIJ, commented, “Truthfully talking, it isn’t a lot about growing transaction volumes however extra in regards to the skill to make use of a brand new type of settlement.”
This service makes use of the digital foreign money “DCJPY” issued by GMO Aozora Internet Financial institution.
Not like digital currencies similar to Bitcoin or digital cash issued by non-public corporations, the sort of digital foreign money is backed by deposits in common currencies like money and issued by home monetary establishments.
It employs blockchain expertise to hyperlink knowledge on who owns it and what it was used for.
Initially, main telecommunications firm Web Initiative Japan (IIJ) will undertake this digital foreign money for settlement transactions with its company companions.
Supply: ANN
