TOKYO, June 1, 2020 /PRNewswire/ -- JCB Co., Ltd., a
global payment network and a leading issuer and acquirer in
Japan, and TECHFUND Inc., a
technology accelerator promoting innovation in startups and leading
companies, have signed a strategic partnership agreement to jointly
research the construction of a sustainable payment system using
blockchain. Based on TECHFUND's blockchain technologies such as STO
(Security Token Offering)*1 and staking*2, JCB and TECHFUND jointly
research the payment platform that will contribute to solving
various issues in the payment field.
*1 STO: A method of raising funds through tokenized securities
issued on the blockchain.
*2 Staking: Earning a reward by continuously holding crypto
currencies and contributing to the stability of the system.
About JCB
JCB is a global payment brand and a leading credit card issuer
and acquirer in Japan. JCB
launched its card business in Japan in 1961 and began expanding worldwide in
1981.
Its acceptance network includes about 34 million merchants as well
as cash advance locations around the world. JCB cards are now
issued in 24 countries and territories, with more than 140 million
cardmembers. As part of its international growth strategy, JCB has
formed alliances with hundreds of leading banks and financial
institutions globally to increase merchant coverage and cardmember
base. As a comprehensive payment solution provider, JCB commits to
providing responsive and high-quality service and products to all
customers worldwide.
For more information, please visit
https://www.global.jcb/en/
About TECHFUND
TECHFUND, a TECHNOLOGY ACCELERATOR, was launched on October 9, 2014 with a vision, "BE AN
ENTREPRENEUR". As the world's first technology accelerator to
support startups by investing "technology" instead of money, we
have been involved in more than 300 teams of mentoring and due
diligence, and have invested in 10 companies. At the same time, we
provide an intrapreneur program, "ACCEL PROGRAM for BIZ", for major
companies and contributed to 30 leading companies' innovations. We
also develop scoring algorithms to assess the growth potential of
startups and new businesses. TECHFUND is currently focusing on
supporting blockchain and STO projects, as well as developing and
providing ACCEL BaaS (Blockchain as a Service) to "accelerate" the
development of blockchain applications for startups and
enterprises. Among the supported startups is EtherSecurity, a
company in the staking business.
Contact
JCB
Kumiko Kida, Ayaka Nakajima
Corporate Communications
Phone: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp
TECHFUND Inc.
Peaske Kawahara
Communication Strategy Div
Email: press@techfund.jp (Cc: peaske@techfund.jp)
Photo -
https://mma.prnewswire.com/media/1174429/JCB_TECHFUND.jpg