As the origin of cryptocurrency, Japan is often at the forefront when it comes to joint projects between companies in different fields, united by their desire to be at the forefront of innovation. E-commerce giant Rakuten is working with the Eastern Japanese railway company on 5 June to promote a cash-free payment system.
A new collaboration is underway between the Japanese telecom giant KDDI and crypto-exchange DeCurret. According to a Feb. In a press release, the two companies – in collaboration with au Financial Holdings and WebMoney – will implement a joint project to test digital currencies issued on a blockchain for real-world transactions.
As part of the implementation of this test, KDDI will request WebMoney to issue and distribute digital currencies, while the parent’s parent company manages the joint project. DeCurret will play a leading role by providing the platform for both the issuance and management of the digital currency.
The joint project, which runs from February. 18 to February 28, is part of DeCurret’s efforts to increase the range of services on their platform. In this case, the platform will be tested using cryptocurrency for real-world transactions such as those in cafes.
DeCurrent has come a long way since its launch in April 2019. The crypto exchange has already received approval from the Japanese financial services provider to enable its users to refill the country’s Suica transport cards with the help of cryptocurrency.