JCB, one of the largest credit card issuers in Japan, has started to develop a payment system with TECHFUND, through which transactions are carried out using blockchain technology. This information is provided by the independent Cointelegraph.

JCB intends to apply the experience of issuing ТECHFUND securities using STO technology (blockchain), as well as organizing a staking service, in its development. TECHFUND, headquartered in Tokyo, has implemented a blockchain service based on ACCEL BaaS, which aims to accelerate the adoption of modern technology.

The cointelegraph reports that the companies are jointly planning to study the structure of building a payment system, thereby making a certain contribution to the existing project and to the improvement of society as a whole by introducing new technology into its work.

Back in 1961, the JCB organization created its own payment system. Now, in more than twenty countries, people use its payment cards, and the number of customers, according to statistics from the end of 2018, is about one hundred and thirty million people who carried out payment transactions totaling $ 300 million

At the same time, even earlier, JCB, along with other companies-holders of plastic cards, joined an association whose activities are aimed at carrying out banking operations using blockchain technology.