Japanese banks explore common digital currency settlement infrastructure
Japan's three biggest banks are investigating the creation of a digital currency settlement infrastructure.
Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corporation are joining a study group held by cryptocurrency exchange DeCurret on the creation of a national system.
Japan lags behind China on digital payments, with multiple rivals failing to wean the country off of cash. The participants hope that a common infrastructure could help change this.
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