Soramitsu Begins Testing ‘White Tiger’ Digital Forex in Japan

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Japanese blockchain firm Soramitsu introduced it will begin testing a brand new native digital forex for retailers on the College of Aizu.Based on a June 29 report within the Nikkei newspaper, Soramitsu will start testing “White Tiger,” a digital forex sitting on the corporate’s native Hyperledger Iroha blockchain. The digital asset will likely be examined at cafeterias and retailers on the College of Aizu in Fukushima Prefecture, 300 km north of Tokyo, beginning on July 1 earlier than steadily being utilized at areas off campus. The introduction of White Tiger is a part of a sensible metropolis marketing campaign by public officers and personal entities within the Metropolis of Aizu-Wakamatsu. Collaborating shops will have the ability to obtain digital funds from the world’s roughly 120,000 residents by means of smartphone apps or cost playing cards.Soramitsu, primarily based in Tokyo, is among the blockchain startups behind the event of a central financial institution digital forex in Cambodia.

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