@patrion
Japanese article from NHK
https://news.web.nhk/newsweb/na/na-k10015061631000
Summary:
A pilot program testing stablecoin payments at restaurants in Tokyo kicked off this week, led by Resona Bank and credit card giant JCB. The experiment uses JPYC — a yen-backed stablecoin built on blockchain — where customers scan a QR code with their smartphone to pay, drawing from a pre-loaded balance in a dedicated app. The initiative aims to assess real-world demand and usability compared to existing cashless payment methods. Merchants benefit from lower transaction fees than traditional credit cards, and dollar-denominated stablecoins are also supported to gauge convenience for foreign tourists. Resona’s DX & Payments division noted that speed of adoption is critical, and the goal is to determine whether stablecoins offer a meaningful improvement over conventional payment systems.
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