Fireblocks and JCB are preparing new cryptocurrency integration tools

In many developed countries, companies can officially accept payment in cryptocurrencies for goods and services, implementing smart contracts to automatically send payments for the supply of stablecoins.

Created in partnership with startup Checkout.out, the Fireblocks system allows banks to service Crypto accounts of legal entities in the same way as regular fiat accounts, compliant with KC/AML and other regulatory requirements. Companies can order from banks to merchants with the option of crediting cryptocurrencies to their accounts or automatically converting them to fiat currency.

The platform is named Payment Engine, and initially it supports 42 blockchains and 1,300 tokens issued in these networks. In the future, the list of Crypto assets will expand.
Japan’s payment system JBC makes it easier for citizens to use CBDC in the future. If the Bank of Japan launches a Crypto version of the yen, cardholders will be able to pay with their existing bank cards.

Meanwhile, JBC is developing a mobile app called JBCBDC. Payments in Crypto yen will be made in the e-wallet using a QR code issued by the merchant.

JBC has attracted French startup IDEMIA and Malaysian startup Softspace for a project to adapt a CBDC to a payment system. The Bank of Japan did not share the financial firm’s optimism and froze the rollout of the Crypto yen. According to the authorities, today the country has a fairly reliable and innovative payment system that does not require a move to the blockchain.

Source of information: compiled from CRYPTOR by 0x information.The copyright belongs to the author Иван Петров, and may not be reproduced without permission

Related Posts mistakenly sent $10 million to the woman who spent it

Well-known platform accidentally paid more than $10 million to Australian women’s accounts, only to realize the mistake seven months later. After Manivel failed to return the money, has now taken legal action against account owner Thevamanogari Manivel and her sister…
Read More

Compound suspends cETH market after upgrade bug

Compound Labs had to suspend its cETH market for a week after introducing a bug during its latest upgrade. Upgrade bug freezes millions Compound Labs announced the suspension of its Compound Ether (cETH) market after the bug caused problems with price feedback.…
Read More