In Japan, they will test payment cards for CBDC
The largest payment system of Japan Japan in cooperation with IDEMIA and SoftSpace will test the possibility of applying existing credit cards infrastructure for CBDC.
The project was called JCBDC. Testing the platform will begin by the end of March Black Rock and 2023, its creation is expected until the end of this year.
It will consist of three main directions:
- solutions for sensory payments;
- release and provision of plastic cards;
- imitation of the working environment of digital yen.
In the later stages, it is supposed to add tests of mobile payments and QR codes.
Recall that in April 2021, the Bank of Japan launched the first phase of testing of digital yen.
In July, the representative of the ruling liberal-democratic party of Hideki Murai said that the state will develop a more detailed CBDC project by the end of 2022.
In the fall, the managing director of the regulator Sinisi Utida doubted the non -alternative CBDC to solve the problems of digitalization of payments.
Later, the head of the Central Bank of Japan Haruhiko Kurod said that the decision to launch digital yen would be made by 2026 after consultations with the government and the private sector.
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