{"id":69015,"date":"2022-10-24T14:55:21","date_gmt":"2022-10-24T11:55:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69015"},"modified":"2025-09-07T17:27:36","modified_gmt":"2025-09-07T14:27:36","slug":"japan-to-test-payment-cards-for-cbdc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/japan-to-test-payment-cards-for-cbdc\/","title":{"rendered":"Japan to test payment cards for CBDC"},"content":{"rendered":"<p>Japan&#8217;s largest payments system JCB, in collaboration with IDEMIA and Softspace <a href=\\\"https:\/\/www.neweconomy.jp\/posts\/268213\\\">will test<\/a> the possibility of applying existing credit-card infrastructure for payments in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The project has been named JCBDC. Platform testing is due to start by the end of March 2023, with development expected by the end of this year.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>It will consist of three main directions:<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>solutions for contactless payments;<\/li>\n<li>issuance and provisioning of plastic cards;<\/li>\n<li>simulation of the digital yen working environment.<\/li>\n<\/ul>\n<p>\\n\\n\\n\\n<\/p>\n<p>In later stages, tests of mobile payments and QR codes are expected to be added.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In the autumn, Shin&#8217;ichi Uchida, the regulator&#8217;s managing director, <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-japan-doubts-cbdc-is-the-only-answer\">doubted<\/a> CBDC&#8217;s being the sole solution to the digitisation of payments.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Later, Bank of Japan Governor Haruhiko Kuroda said that the decision on launching the digital yen <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-japan-to-decide-on-cbdc-launch-by-2026\">will be made<\/a> by 2026 after consultations with the government and the private sector.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\u201d\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest payments system in Japan, JCB, in collaboration with IDEMIA and Softspace, will test the possibility of using existing credit-card infrastructure for CBDC payments.<\/p>\n","protected":false},"author":1,"featured_media":69016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1095,135],"class_list":["post-69015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-cbdc","tag-japan"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69015"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69015\/revisions"}],"predecessor-version":[{"id":69017,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69015\/revisions\/69017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69016"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}