This article was first published on Stories by IOS Foundation on Medium
In a bid to promote the use of Japanese Yen stablecoins as a prepaid means of payment, the Platinum Egg team- IOST Node Partner, and Game Developer announced the issuance of IRC-20 JPYA (JPY Stablecoin) based on the IOST blockchain. The JPYA stablecoin is pegged 1:1 to the Japanese Yen and can be purchased with Japanese Yen, BTC, ETH, and IOST.
This follows a long-term partnership between IOST and the Platinum Egg team- a seasoned blockchain game & service developer in Japan who is best known for their popular CrossLink game which gains over 170,000 downloads and their IOST-based NFT platform TokenLink.
The JPYA Stablecoin Use Case
Bitcoin, Ethereum, and other blockchain-based payment methods have been on the rise since around 2010, but their prices have fluctuated greatly and their use as a payment method has not been a reality. In addition, several stablecoins have started to be created in Japan, but they have yet to become popular. JPYA is a stablecoin that can be used as a means of prepaid payment, and is based on IOST, which is fast and virtually free of gas. It ...
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Stories by IOS Foundation on Medium