In March 2019, the Japanese financial corporation Mizuho Financial Group plans to launch cryptocurrency tied to the yen for mass use. This is reported by Nikkei Asian Review.
As part of the promotion of cashless payments in Japan, Mizuho attracted 60 local banks. According to the corporation’s plan, retail stores will charge a lower commission when calculating a new cryptocurrency than when paying with a credit card.
Holders of digital currency will be able to send funds to other users for free and transfer the asset from a bank account to a wallet. Cryptocurrency payments will be made using a special application and QR codes.
For the first time, Mizuho began testing digital currency back in 2016. The company plans to make cryptocurrency a basis for new mobile payment services.