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SBI Group to Launch USDC-Based Cashless Payment Pilot in Japan

SBI Group to Launch USDC-Based Cashless Payment Pilot in Japan

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by Andrew Smith

3 months ago

SBI Group is set to launch a groundbreaking cashless payment system in Japan, utilizing the USDC stablecoin. This innovative pilot project, scheduled to commence in spring 2026, aims to streamline in-store transactions through QR code technology. The source reports that this initiative could significantly enhance the efficiency of digital payments in the region.

SBI Group's New Project

SBI Group emphasizes that this project builds on insights gained from the Osaka-Kansai Expo, where digital wallets were trialed for visitors.

Modernizing Payment Methods in Japan

The company envisions this system as a significant step towards modernizing payment methods in Japan, catering to the evolving needs of a diverse customer base.

Recently, BC Card completed a pilot program enabling foreign users to make transactions with stablecoins at millions of merchants in South Korea. This initiative contrasts with SBI Group's upcoming cashless payment system in Japan, which will utilize USDC stablecoin. For more details, see read more.

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