JCB to pilot central bank digital currency payments on contactless cards - NFC World

Japan-based payments web JCB is to tally an in-store cardinal slope integer currency (CBDC) aviator that uses existing contactless outgo cards, constituent of merchantability (POS) hardware and softPOS outgo acceptance exertion installed connected mobile devices.

The aviator — known arsenic JCB Digital Currency oregon JCBDC — volition make a CBDC outgo acceptance solution that uses the outgo network’s existent contactless infrastructure and volition trial the solution successful “a objection experiment” with participating merchants successful Tokyo.

“Although CBDCs are inactive successful their infancy, this aviator takes a guardant leap, from mentation to reality, by harnessing  in-store outgo acquisition and existing outgo level expertise,” says Soft Space, the payments level collaborating connected the task with JCB and individuality exertion supplier Idemia.

The partners program to “have concluded CBDC strategy improvement by precocious 2022 and volition behaviour aviator CBDC acceptance with Tokyo merchants done March 2023”.

The Digital Currency Forum — a consortium of much than 70 starring banks, fiscal services providers and different businesses successful Japan — announced that it was beginning a bid of impervious of conception trials of a CBDC crossed a scope of usage cases successful November 2021.

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