NEC, Ava Labs Explore Biometric Credentials for Japan Stablecoin Payments

NEC Corporation and Ava Labs announced an agreement to explore biometric identity credentials and stablecoin payments for visitors to Japan, a proposal that could combine identity checks and payment in a single approval at a merchant if implemented. NEC announced the memorandum of understanding July 9 at 10 p.m. ET (July 10 at 02:00 UTC). The companies outlined a possible tourist payment model, but did not announce a live service, proof of concept or launch schedule. The proposed flow assumes a visitor obtains a FaceVC, a biometric identity credential, before arriving in Japan. NEC would provide the identity layer.

Source: TokenPost