Japan Considers Launching J-Coin, Eliminating Cash Before Tokyo 2020 Games

Publicado em
Japan Considers Launching J-Coin, Eliminating Cash Before Tokyo 2020 Games

Banks in Japan are considering creating a digital currency, the J-Coin, intended to eliminate cash as a payment option. The news broke through an article indicating that the coin is being planned with the blessing of financial regulators for before the 2020 Olympic Games in Tokyo and is intended to streamline the financial system.

Recently, Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market.

But Japan is currently functioning as a 70 percent cash economy – a figure that by far exceeds most developed nations where digital transactions have taken the place of cash. These cash transactions create far more cost in the financial world than digital transactions.

J-Coin or Yen?

The J-Coin is intended to function in tandem with the Yen, rather than replacing it. The coin would be exchanged at a one-to-one ratio. The service for the coin would be offered freely but would be a means of tracking transactions that is far more complex in a cash-based society.

The coin will likely see release in the coming years, though the infrastructure of the system is not yet clear. It may be based on Blockchain technology, but the specifics are as yet unreleased. Recent reports from the Bank of Japan indicate that it does not consider Blockchain technology ‘mature’ enough to handle transactions.

The suggestion of a government cryptocurrency falls in line with the idea that governments around the world are seeking to start their own proprietary cryptocurrencies.


Fonte: https://test.ab2l.org.br/wp-admin/post-new.php

COMPARTILHAR
VEJA TAMBÉM
PNUD e Jusbrasil assinam parceria para pesquisas sociais no Brasil

PNUD e Jusbrasil assinam parceria para pesquisas sociais no Brasil

O Jusbrasil assinou uma nova parceria com o Programa das Nações Unidas para o Desenvolvimento (PNUD) no intuito de ampliar as ações relacionadas ao cumprimento do Objetivo de Desenvolvimento Sustentável de número 16
Soft skills para advogados: descubra as 12 habilidades essenciais para crescer na advocacia

Soft skills para advogados: descubra as 12 habilidades essenciais para crescer na advocacia

O que são soft skills, porque elas são importantes e quais são as principais para os advogados.
Judicialização das relações de consumo: ruim para empresa e cliente

Judicialização das relações de consumo: ruim para empresa e cliente

A judicialização tem custos sociais, financeiros e na credibilidade das empresas. A busca pelo consenso, principalmente através do bom atendimento, foi tema de painel no Conarec 2022
Parceria firmada entre NetEye e Privacy Tools

Parceria firmada entre NetEye e Privacy Tools

Lei de Proteção de Dados como ponto-chave para promover um gerenciamento de alto rendimento operacional e gerencial dentro das empresas
EMPRESAS ALIADAS

Receba nossa Newsletter

Nossas novidades direto em sua caixa de entrada.