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Dahboo 77 - Japan Plans to Eliminate Cash by Launching Own CryptoCurrency, Get Free Coins
"The project is in the early stages, and we have just held study meetings with other institutions," a spokesperson for Japanese bank Mizuho Financial Group told CNBC on Wednesday.
"This will be pegged with Japanese Yen, and hopefully used to make payments and transfers through a mobile phone app," the bank said.
According to a report by the Financial Times, a consortium of Japanese banks are working on the project, and they are interested in launching the J-Coin before the Tokyo Olympics in 2020.
THE PROJECT HAS THE SUPPORT OF THE CENTRAL BANK and Regulators. The J-Coin will allow Japanese consumers to pay for goods and services with their smartphones.
Learn More:
https://www.rt.com/business/404771-ja...
http://www.zerohedge.com/news/2017-09...
https://www.theatlantic.com/magazine/...
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Sun 29 Aug 2021, 22:15 by Jude