🏪 Japan's First Stablecoin POS Payment Clears on Polygon
🏪 Japan's First Stablecoin POS Payment Clears on Polygon
🏪 Japan's stablecoin checkout
Major convenience store Lawson processed Japan's first stablecoin payment at a physical register, settling on Polygon.
- Shoppers displayed a barcode from HashPort Wallet to pay with JPYC instantly
- Transactions clear in real time with fees under a cent
- The low cost and speed position Polygon as the default infrastructure for moving yen onchain
This follows recent launches of local currency stablecoins on Polygon, including Mento Protocol's FX protocol with USDm/EURm pools. The Open Money Stack enables deposits to convert to stablecoins, route across chains, and arrive as local currency payouts from a single dashboard.
With Open Money Stack, a deposit becomes a stablecoin, moves where it needs to go, and lands as a payout in local currency. From one dashboard, you can route funds from any token, on any chain, to any destination. You own the product. Orchestration owns the handoffs.
Using Polygon as the settlement chain, local stablecoin transactions clear in real time with fees at a fraction of a cent. That speed and cost is what makes it the default rail to move the yen onchain.
Local currencies, onchain. Powered by the default rails for stablecoin payments on the Polygon Open Money Stack. Read more: polygon.technology/blog/mento-pro…
🇯🇵 One of Japan's major convenience stores has cleared the country's first stablecoin payment at a POS register, settled on Polygon. At Lawson, a demo proved shoppers can show a barcode from HashPort Wallet to pay with JPYC, instantly. Polygon is for everyday payments.
本日、HashPortはローソンにおいて日本初となるコンビニでのステーブルコイン決済を成功させました。 ユーザーは「HashPort Wallet」、店舗は通常のコンビニPOSに組み込まれた「HashPort Wallet for
Local currencies move onchain, on Polygon rails. @MentoLabs is live with its FX protocol, starting with a USDm/EURm pool. → backed by @capa_fi as a day-one liquidity partner → with @Schuman_io's EURØP as a reserve asset for EURm
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Japan's First Stablecoin Payment at Convenience Store Register
**HashPort achieves payment milestone in Japan** A major Japanese convenience store chain, Lawson, has processed the country's first stablecoin payment at a point-of-sale register. The transaction was settled on Polygon using JPYC stablecoin. **How it works:** - Customers display a barcode from HashPort Wallet - Payment processes instantly at the register - Settlement occurs on Polygon network This demonstration marks a practical step toward integrating digital currency payments into everyday retail transactions in Japan. [Read more details](https://coinpost.jp/?p=730281)
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