Will J-Coin become a standard currency in Japan?
This is a hugely important question. If this happens, the groundbreaking evolution within a government entity will likely become a rubric for success or what not to do, depending on the outcome of the implementation. Many other countries will look at this attempt as an early example of nationwide blockchain adoption as a standard mechanism of money transacting. Global and Regional banks are working with Japanese government on the legislation, development, logistics, and planning surrounding this, with some predicting the possibility of a full transition by 2020, at which point JCoin will work hand-in-hand with Yen.
Some think that IBM will be involved with the development, infrastructure building, etc., something that will likely increase the chances and likelihood of success and, additionally, will lead to a firm footing for IBM within the Blockchain/Crypto Industry that has emerged and is rapidly growing. I'm excited for this possibility and hope that it occurs, as it will strengthen the entire movement and my educated guess is that implementations like this will spread like wildfire. It wouldn't surprise me if other countries even attempted to beat Japan to the punch on this, because their aggressive, admirable plan of action is something that will increase interest and desire to compete!
For those interested, I've included some articles regarding this emerging news:
it's good post @biddle i lke it you're the best
i'm voted you , don't forget to vote me back @bangmimi
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! :) I'm glad you enjoyed it! :) I'll absolutely check out your content too!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
it's okay, thank you you are give me vote friend
i'm very happy, following me wit follow me @bangmimi
upvote, replay and resteem please :) we are friend, aren't it?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Absolutely :) You're quite welcome!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thaks @biddle
after I consider there are so many positive things about steemit, as well as social media Steemit is also a medium for sharing knowledge and information. My other friends are also many who earn revenue from this Steemit, he said like that. But I do not think much about income, but in Steemit can support each other and share experiences with each other. That's where the interest I am increasingly dusty to immediately join with other Friends of Steemit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's probably inevitable that governments adopt cryptocurrencies and blockchain technology.
Of course, any transition from fiat currency to cryptos will be fraught with difficulty and obstacles. But that should give the govts more impetus to start work on such initiatives now.
If they don't, they'll lose out to bitcoin, ethereum, litecoin, and many other cryptos. Which might be a good thing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very true! I feel like this space is moving with the speed of the dot com boomX1000, so they likely want to step in while they still have a chance. We shall see, but I think that this is going to happen for sure.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
absolutely you're right
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting, thanks. resteemed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! :) I'm glad you enjoyed it! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In the world of crypto currency....prediction is very difficult and easy at the same time....considering the potentials of j-coin tho ...i really this it will be a success
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think so too! But good point; it's important to make an informed decision and you can always be wrong!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good info. I think with China's crackdown on cryptocurrencies, Japan's crypto-economy will grow, and with that growth J-Coin will likely gather momentum.
Thanks for the post and for the follow. I upvoted, resteemed and of course followed you back. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for reading, I'm glad you found it useful and thanks for following! I'll be on the lookout for more content from you as well! :) I completely agree!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is interesting and could be huge if it happens. Japan, however, has a preference for cash over card payments, so it will be interesting to see how this works culturally.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oooh, very interesting information. I didn't even know that they prefer cash; I definitely want to know how people are reacting to the news in Japan now, knowing that. I think that might also tie into the motivation FOR the Japanese Gov't to implement it, because it would allow for better data tracking on consumer spending if, in the past, there was a preference toward cash. Thanks for sharing that! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's about time japan gets back to the frontline of tech and lead by example! I'm looking forward to that day as the world will be a better place for all!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
AMEN! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that the start is clearly late in 2020 (possibly further delay ...). The possibility of success is whether we can aim at the position of the base currency against the yen, but I think that it is quite tough.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, bureaucracy can always hinder speed, so you may be right! and yeah, mass adoption (or mandated adoption) might be necessary in order for it to catch on. Thanks for sharing! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for your reply. I think that I will keep an eye on the future as J-COIN of this time is likely to influence future movement related to crypto currency.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post @biddle. And, I do think with J-Coin on the horizon Japan's chances integrating cryptocurrency into its financial ecosystem are quite bright. You got my upvote and resteem dear.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! :) Agreed!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
it's good news :) definitely better than one more crypto-ban (or shall i say "an attempt" to do so) :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
For sure! :) I definitely prefer to see people embrace crypto rather than act against it in fear! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol awesome :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its well good work in this bro..keep it up make more post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit