Blockchain-based payments gain traction as governments and corporations embrace the technology

- Amid the slow integration of blockchain technology with the global financial infrastructure, blockchain-based payments continue to be one of the most useful applications of the technology as governments and corporations around the world look to create more efficient payment systems capable of offering immediate settlement.

“Under this partnership between MUTB and Binance, the joint study aims to drive mass adoption of Web3 and foster a thriving Web3 ecosystem in Japan by issuing new stablecoin utilizing [the] Progmat Coin platform compliant with the domestic regulations,” the press release said.

“We believe that the new stablecoin from this collaboration will be a step forward in advancing Web 3.0,” said Tatsuya Saito, founder and CEO of Progmat and vice president of product at MUTB. “Progmat is a neutral infrastructure that enables the issuance of various brands of stablecoins with the greatest flexibility of use and the least risk of de-pegging, [and] it does not compete with players issuing their own stablecoins.

Inbound tourists can use an overseas mobile number to register and open e-CNY wallets and make use of the top-up feature, which now includes the option to pay via Visa or Mastercard.MoneyGram International, the U.S.-based international peer-to-peer payments and money transfer company, has announced plans to launch its own non-custodial digital wallet in Q1 2024.

Once the wallet is fully rolled out, MoneyGram users will be able to visit any participating MoneyGram location to cash out their digital assets “to increase the utility of their holdings,” and will also be able “to seamlessly send digital assets to other users in the wallet,” MoneyGram said. The company will be responsible for doing a comprehensive global compliance screening for all wallet users.

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