PassPay Co., Ltd. Announces Alliance with EOS Network Foundation and

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PassPay Co., Ltd. Announces Alliance with EOS Network Foundation and

EOS Labs

The EOS Network Foundation (ENF) is pleased to share recent news from PassPay with the EOS community. Facilitated by EOS Labs, PassPay has announced a strategic alliance centered on leveraging the EOS blockchain for its innovative digital payments platform. This will involve the development of a number of critical financial services in Japan. The most notable of these is the issuance of the stablecoin JPYW, the only licensed and regulated stablecoin for the Japanese Yen.

This alliance will help strengthen the EOS Network’s presence in Japan and comes at a time of growing adoption from that demographic.

In utilizing the EOS blockchain as part of the underlying infrastructure for JPYW, the EOS Network will be exposed to a large user base across Japan. EOS was an obvious choice when considering the speed, reliability and scalability that is required to meet the demands of a country-wide stablecoin. Growth in the Japanese markets is part of a much larger trend of adoption across East Asian markets.

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https://eosnetwork.com/blog/eos-passpay-alliancep-announcement/

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