Japan’s JCB Partners With TECHFUND To Build Sustainable Blockchain-Based Transaction System

JCB, the biggest credit card issuer in Japan, has partnered with TECHFUND, a technology accelerator, to build a sustainable transaction system on the blockchain.

On May 15, it has been reported that the partnership will utilize TECHFUND’s expertise on security token offerings (STOs) and staking to create a new platform for transactions.     

Also based in Tokyo, TECHFUND has a program called ACCEL BaaS (Blockchain as a Service), which aims to accelerate the adoption of blockchain technologies for startups and enterprises.

The partnership with technology accelerator TECHFUND is the latest move by JCB to adopt blockchain technology solutions — Cointelegraph (@Cointelegraph) May 18, 2020

However, the financial firm has made some steps towards innovative solutions to online payments.

Thus, JCB was planning to adopt a new business-to-business (B2B) payment solution based on blockchain technology in December 2019.

Source: Cointelegraph | Image: Helcim


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