Japan considers killing cash by launching own cryptocurrency
"This will be pegged with Japanese Yen, and hopefully used to make payments and transfers through a mobile phone app," the bank said.
According to a report by the Financial Times, a consortium of Japanese banks are working on the project, and they are interested in launching the J-Coin before the Tokyo Olympics in 2020.
https://www.rt.com/business/404771-japan-digital-currency-cash/
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