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Next month, the Japanese city of Aizuwakamatsu will launch a digital currency issuing platform developed by the Decurret crypto exchange.
According to Minbaku, Decurret has launched a blockchain wallet called the Aizu Wallet. It will be compatible with a number of “digital services,” the exchange said, with space for digital coupons, reward and loyalty points, “local currencies” and crowdfounding projects sourced from Aizuwakamatsu. .
The company added that tourists who want to travel to the city can purchase blockchain-based digital coupons and vouchers that make it “easier and more contactless” to pay in restaurants and cafes.
The city is one of the most popular tourist spots in Japan. The famous Tsurugajo Castle dates back to the 14th century. However, it is perhaps best known for its sake producers and many family breweries that can be found around town. Some of them have been making the most popular alcoholic beverage in the country for over 400 years.
According to Decurret, 14 sake producers in Aizuwakamatsu who belong to a local brewers’ association have already signed up for visitors to dispense their vouchers or digital tokens.
The exchange has high hopes for its new platform and plans to forge links with several local governments across Japan that hope to introduce contactless digital local currencies in the coming months.
In neighboring South Korea, high-growth companies such as Korea Minting and Security Printing Corporation, formerly known as a coin company, cornered the stable coin market with record profits at the start of the year.
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According to Decurret, 14 aizuwakamatsu sake producers from a local brewers’ association have already signed up for visitors to spend their blockchain coupons or tokens in their stores.
The exchange has high hopes for its new platform with a number of local governments across Japan hoping to introduce contactless, digital local currency in the coming months.
Similar incentives in nearby South Korea have seen fast-paced companies like Korea Minting and Security Printing Corporation, previously known primarily as the cash minting company, break into the blockchain-based digital stablecoins market, making record profits earlier this year.