Using a digital curency backed by the central bank to drive digital payments in Japan’s cash-heavy society could enable a smoother transition into the Web 3.0 universe. Photo: Shutterstock
Using a digital curency backed by the central bank to drive digital payments in Japan’s cash-heavy society could enable a smoother transition into the Web 3.0 universe. Photo: Shutterstock
Hugh Harsono
Opinion

Opinion

Eye on Asia by Hugh Harsono

How Japan’s foray into a digital yen could be its key to the Web 3.0 universe

  • While Japan may not be planning to launch a digital currency, its moves to study it in conjunction with digital assets belie a deep interest in Web 3.0 and the metaverse
  • A digital yen could boost digital payments by offering a widely accessible, zero-fee solution, even as Web 3.0 generates more interest in cashless payments

Using a digital curency backed by the central bank to drive digital payments in Japan’s cash-heavy society could enable a smoother transition into the Web 3.0 universe. Photo: Shutterstock
Using a digital curency backed by the central bank to drive digital payments in Japan’s cash-heavy society could enable a smoother transition into the Web 3.0 universe. Photo: Shutterstock
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