NIPPONPAY will introduce a cryptocurrency payment system
The official contract agreement between ‘Noah Foundation’ and ‘NIPPON PAY’ was announced at the NOAHCOIN Seminar held at ‘Mielparque Tokyo’ on Saturday the 10th of June 2017 in Minato ward, Tokyo.
（ ≫ Click here for more informetion about NOAHCOIN Seminar on June 10, 2017 ）
‘NIPPON PAY’ is a company that provides a payment function device and service for foreign tourists (mainly Chinese) and is one of the venture companies that has been attracting attention in the current Fintech industry.
They are an agent that provides a payment service for Japan for two major smartphones in China that are ‘WeChat Pay’ and ‘Alipay’, which used to be ‘Union Pay’, supposedly they are going to introduce ‘Kakao Pay’ from Kakaotalk and ‘LINE Pay’ from LINE as well.
（ ≫ What are WeChat Pay and Alipay? ）
I heard that they agreed on contract with Noah Foundation on June 9, 2017, so smartphone payments will be available at their service stores once NOAHCOIN has undergone an IPO and been listed.
* There’s no need to exchange legal tender like US dollars and Japanese yen.
Plus, it is a service with an expectation of being introduced at major convenience stores and restaurant chains in Japan, so this news must have been a huge step up.
This announcement increased anticipation that NOAHCOIN will be the second ‘cryptocurrency’ after Bitcoin which can be used in stores.’. (It’s not yet a cryptocurrency.)
【Updated June 13, 2017】
On June 12, 2017, it was announced that ‘NIPPON PAY’ and the JASDAQ listed company, Alphax Food Systems agreed to a partnership and so Alphax Food System’s stock price rose 16% straight after the announcement was released.
Also, on the same day, Watami Group announced that they started using the payment systems of ‘NIPPON Pay’ and that was the first time introduction in Japan for restaurant chains.
(Photo sourced from: NIPPON PAY http://nippon-pay.com/)