Japanese Railway Company JR East Could Accept Virtual Currencies

Crypto adoption could improve with the help of Japan’s largest railway company JR East. The firm is currently considering the possibility to support virtual currencies in the country. At the same time, the company is analyzing the effects of launching a stablecoin for individuals to pay for their train tickets. The information was released by the Japanese news program ANN News. JR East Considers Virtual Currencies Cryptocurrency adoption will grow as soon as companies start embracing digital assets. One of these firms could soon be JR East, the largest railway company in Japan. JR East could start accepting cryptocurrencies, including stablecoins, to pay for their train journeys. In order to make these solutions available for users, the firm is working with the service provider IIJ. In this way, travellers will be able to pay for train tickets using their favourite cryptocurrency. JR East has also invested in the cryptocurrency exchange DeCurrent that has been approved by the local regulatory agency the Financial Conduct Authority (FSA). JR East will allow users to purchase their tickets using digital assets with the Suica smartcard. Moreover, the firm will be working with DeCurrent and IIJ to deal with connectivity and network services.