Japan’s Leading Credit Card Issuer Develops Blockchain Payment System

Japan’s largest credit card issuer, JCB, has formed a partnership with technology accelerator TECHFUND to develop a sustainable transaction system based on blockchain technology.

In a statement issued on May 15, JCB announced that the collaboration will leverage TECHFUND’s proficiency in security token offerings (STOs) and staking to establish a new transactional platform. Based in Tokyo, TECHFUND operates a program known as ACCEL BaaS (Blockchain as a Service), which aims to promote the adoption of blockchain technologies among startups and enterprises.