The Japanese railway company JR East in collaboration with the Internet provider IIJ and crypto-bursa DeCurret will develop a platform for buying tickets for cryptocurrency. This is reported by the local TV channel ANN News.
Passengers will be able to use the platform’s services directly at train stations using the Suica smart card. It will support Bitcoin, Bitcoin Cash, Litecoin, and XRP cryptocurrencies, as well as stablecoin J Coin from the banking giant Mizuho Financial Group. The same assets are available on the stock exchange DeCurret.
We started by charging and using cash, which is a general-purpose payment method, but I think that it will change greatly as the current of ‘cashless’ flows.
JR East, Managing Executive Officer
In March, the tax administration of the Chinese city of Shenzhen allowed residents to pay for rail, public transport and taxis through the blockchain application.