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The Japanese bank said that the Japanese bank will be prepared for the implementation of digital currency by the central bank.
According to the "Japan Economic News" website, the Japanese Bank issued a technical summary report on the 2nd of the Japanese Bank, and also expressed the test to solve the relevant topics. The current demand for digital payments that do not use cash is constantly rising, and China and other countries are promoting digital currency issuance programs, and Japan Bank is also determined to catch up.
According to the report, Japan Bank established the central bank's digital currency research team in February, which is the first round of results. The report pointed out that the central bank's digital currency should be put into use and must have the same functionality as cash. Specifically, it is necessary to become "Everyone can safely and safely use the payment method anytime, anywhere."
In particular, it should be emphasized is to ensure that the "universal access" function can be used by everyone. The current digital payment is generally using smartphones, but 2018 data shows that Japan's smartphone penetration rate is only 65%, and there is no child and the old man who cannot be used. Therefore, the report pointed out that "the terminal that develops various users can use is very important."
Summarizing a series of topics, the Japanese bank said that it will explore the feasibility of the central bank digital currency through an empirical trial.
According to reports, Japan Bank has established a consultative platform called "Payment Forum" in order to cooperate with civil companies in the payment field. The "Digital Currency Forum" established below will be held on July 30th. The central bank's digital monetary technology issued in this report is also a discussion topic.