With over 100 experimental projects in the process, central bank digital currency, or CBDC has become a global trendsetter. Japan is also embracing this trend and making quick and drastic moves to issue its national digital currency.
Japan Credit Bureau (JCB), a Japanese international financial services provider, said that it will conduct central bank digital currency (CBDC) infrastructure testing.
It is probable that the project is part of the processing infrastructure possibilities for a Japanese CBDC, which is currently in the second phase of study undertaken by the Bank of Japan (BoJ).
Japan Will Likely Move Forward With CBDCs
The infrastructure project, titled JCBDC, will bring onboard two strategic partners: IDEMIA, a French biometric security technology company, and Soft Space, a Malaysia’s fintech giant. The goal is to enable the CBDC to work seamlessly on JCB’s existing financial infrastructure.
JCB previously invested about…
