JCB, Japan’s major card brand that competes with Visa and Mastercard, has partnered with Digital Garage, one of the country’s largest e-commerce payment providers, and Resona Holdings, Japan’s fourth largest bank, to develop stablecoin payment infrastructure. The companies will conduct a pilot program using USD and JPY denominated stablecoins at physical retail locations.
The trials will evaluate user experience at the point of sale, blockchain processing performance and stability, and merchant settlement processes including conversion to Japanese yen. Together they aim to identify operational challenges needed for broader implementation of stablecoin payments.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
