Japan’s Top Credit Card Issuer Building Blockchain Payment System

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Japan-based JCB is partnering with local venture capital firm TECHFUND to create a sustainable blockchain-based transaction system.

The biggest credit card issuer in Japan, JCB, has partnered with technology accelerator TECHFUND to build a sustainable transaction system on the blockchain.

According to a May 15 statement released by JCB, the partnership will utilize TECHFUND’s expertise on security token offerings (STOs) and staking to create a new platform for transactions. Also based in Tokyo, TECHFUND has a program called ACCEL BaaS (Blockchain as a Service) which aims to accelerate the adoption of blockchain technologies for startups and enterprises.

JCB moves towards blockchain

The financial firm has made some steps towards innovative solutions to online payments. Cointelegraph reported in December that JCB was planning to adopt a new business-to-business (B2B) payment solution based on blockchain technology.

Hisashi Oki at Cointelegraph Japan contributed to this article.

Original source: https://cointelegraph.com/news/japans-top-credit-card-issuer-building-blockchain-payment-system



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Patrick Simpson

I am a affiliate marketer and heavily into crypto currencies. I use traffic exchanges and various safe list and viral mailers to help me build my downlines. I am currently developing my 1st site to come later in 2018(hoping for a Fall launch), I am also lauching my own apparel line of produts this fall(2018). I plan to use the affiliate marketing to learn from and grow my businesses. This blog is my journey and my gift of lessons I have learned for you to learn from.