JCB, TECHFUND join research on sustainable payment system using blockchain

Tuesday 2 June 2020 10:24 CET | News

JCB, a global payment network and a large issuer and acquirer in Japan, has joined TECHFUND to conduct research on the construction of a sustainable payment system using blockchain.

Based on TECHFUND's blockchain technologies such as STO (Security Token Offering - a method of raising funds through tokenised securities issued on the blockchain) and staking (earning a reward by continuously holding crypto currencies and contributing to the stability of the system), both parties jointly research the payment platform that will contribute to solving various issues in the payment field.

JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers.

TECHFUND is a technology accelerator promoting innovation in startups and large companies. So far, the company has been involved in more than 300 teams of mentoring and due diligence and has invested in 10 companies.

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Keywords: blockchain, payments, cards, JCB, Japan, issuer, acquirer, ecommerce, merchants, TECHFUND
Categories: Payments & Commerce | Cards
Countries: Japan
This article is part of category

Payments & Commerce