Despite the government encouraging shoppers and retailers to embrace electronic forms of money, over 80% of consumers still rely on good old banknotes and coins for smaller purchases. Although adoption is improving among the nation’s young, adoption is happening at a glacial rate. A target has been set to increase cashless settlements to 40% by 2025. That’s hardly ambitious.
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Higo Bank Joins Ripple-Based Digital Payments App MoneyTap
The financial institution is joining MoneyTap in order to tackle the high settlement fees in Japan
Ripple-based payments app MoneyTap is meant to tackle the high cost of interbank money transfers in Japan. It also enables 24-hour payments, as these are limited to traditional bankers’ hours in Japan.
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Mt. Gox’s Mark Karpeles returns to
blockchaintech (updated)The founder of the famously hacked cryptocurrency exchange wants to build a safer OS on a blockchain
Mark Karpeles, CEO of the infamously hacked Mt. Gox cryptocurrency exchange, is planning another foray into the blockchain business.
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Mt. Gox CEO acquitted on most serious charges, receives suspended sentence on the rest
Mark Karpelès’ year-long detention and interrogation in Japan was a nightmare; lost 77 pounds
A Japanese court handed Mt. Gox founder Mark Karpelès a suspended sentence for tampering with financial records, but acquitted him of the far more serious charges of embezzlement and breach of trust on March 15.
