JPYC Inc., SBJ Bank and LINE NEXT Inc. Plan Bank-Linked Wallet Test
Photo: TokenPost
JPYC Inc., SBJ Bank and LINE NEXT Inc. plan to test bank-linked funding for the Unifi digital wallet, assessing whether users can top up a stablecoin wallet from a bank account. The companies signed a memorandum of understanding Tuesday, Oct. 20, for the proposed proof of concept. JPYC Inc. issues JPYC, a yen stablecoin. Under the plan, SBJ Bank would contribute its account infrastructure, while LINE NEXT would bring its Unifi digital wallet. JPYC would provide technical support and expertise related to issuing and redeeming the stablecoin as the companies examine the proposed feature.
Source: TokenPost
