Post
Topic
Board Bitcoin Discussion
Re: Japan reportedly pushes "International network for cryptocurrency payments"
by
Fundamentals Of
on 24/07/2019, 02:22:38 UTC
I think thats a good initiative and a promising step towards a much more crypto friendly Europe at least. This was proposed as an alternate to SWIFT payment for international payments and has been approved by the G7.

Link: https://www.engadget.com/2019/07/18/cryptocurrency-bitcoin-swift-japan/

Link: https://cointelegraph.com/news/g7-approves-japans-cryptocurrency-based-swift-alternative

       This is really a big development for crypto currency and  these may  the start of using crypto especially bitcoin for payment world wide so let's us hope that this will be successful and of course it needs for  our support .
This is very small support from Japan compared to its large scale adoption and the suggestion for the small scale businesses to accept bitcoin years back. Now to take the usage further and go digital completely Japan has begun to push international networks for Cryptocurrency payments.

Japan has always been very open-minded about the rising technologies, being itself one of the most advanced and highly industrialized countries of the world. Way before other countries first heard of Bitcoin, Japan has already been a name where Bitcoin is popular. Who could forget that one of the earliest Bitcoin exchanges in history which was Mt. Gox was on Japanese soil? This additional effort of Japan right now is a consistency on their part to promote the advancement of cryptocurrency.