Japan’s Lawson convenience store pilots stablecoin payments with JPYC: report
The Block·
60-second summary
Japan's Lawson convenience store is piloting stablecoin payments with JPYC, a Japanese yen-pegged stablecoin, as part of a proof-of-concept with KDDI, a telecommunications giant, and HashPort, a crypto wallet firm. The pilot aims to explore the feasibility of stablecoin payments in everyday transactions, potentially expanding access to digital currencies. This move could accelerate mainstream adoption of cryptocurrencies in Japan.
This is part of a proof-of-concept involving telecommunications giant KDDI and crypto wallet firm HashPort.