JOINT DIGITAL CURRENCY TO BE USED IN JAPAN


21/11/2020




Serhat TUNAR -TDO- About 30 firms based in Japan will try using the digital currency next year. The companies involved were gathered under the umbrella of an organization for this application. These include the country's three largest banks and telecommunications companies.

This step, which comes after the Japanese central bank announced that it will switch to the use of digital currency, means that the transformation of the world in terms of new financial technologies can start from the Far East, not the West.

"We don't just want to create a new digital payment platform," said Hiromi Yamako, who was chosen as the company's spokesman. What we want to do is create a framework that will make a large number of digital platforms mutually usable. It was stated that private banks would be given responsibility for the creation of the digital yen, but there was no obstacle to the possibility that other entities, organizations and firms would also produce the digital Yen."


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