Japan’s JCB to Pilot Digital Currency on Payments Infrastructure
(24 October 2022 – Japan) JCB, the global payment brand and credit card issuer in Japan, is running a pilot project to test a central bank digital currency (CBDC) payment solution and trial it with Tokyo merchants.
The card firm is developing a JCBDC that will be tested into next year using existing JCB contactless cards at merchant POS terminals.
“This project proves that we can use existing payment acceptance hardware for new CBDC payment systems, which is a huge benefit for both consumers and merchants,” said JCB senior executive officer, Koremitsu Sannomiya.
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