Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau (JCB), a Japanese equivalent to international payments systems such as Visa (NYSE) or Mastercard, announced the beginning of its CBDC is the central bank’s digital currency Infrastructure testing. The project will, assumably, prepare the payments platform for a National CBDC. This test is currently being conducted by the Bank of Japan.
The infrastructure project Announcement by the company in local media, will come under the title JCBDC and aims at adjusting the JCB’s existing credit card infrastructure for CBDC payments. The France-based provider of facial recognition technology IDEMIA and Malaysian Softspace will collaborate with JCB in the platform’s development.