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.
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.
Mt. Gox’s Mark Karpeles returns to
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.
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.