Bitcoin Isn’t a Credible Currency Yet, Says Japan’s Finance Minister

in bitcoin •  7 years ago 

As a result, the Japanese government has worked on Fintech Development Strategy, which aims at doubling the adoption rate of digital payments in the next decade. Comparing it to China and Korea, more than 50% of society embraces cashless payment methods.

Despite this, despite its stature as a technical forward society of Japan, there is little to adopt digital payments for the likes of China and Korea.

An expensive on boarding process for card payment terminals in its traditional cash heavily framework means that Japan has used lesser aggressive adoption of 19% of its society using digital payments.

source - https://www.ccn.com/bitcoin-isnt-credible-currency-yet-says-japans-finance-minister/

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Yet he thinks the Japanese Yen is 🙄