Regional currency platform

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Challenge

• Decrease in the use of physical cash and coins
• Current method in the distribution of welfare payments is costly and delayed

Solution

• Each regional currency is backed 1:1 with JPY but local governments are subsidizing the regional currency and providing a premium (20%) to grow adoption and usage
• Each regional currency can only be used within that local region
• Enables real-time B2B, B2C and C2C transfers
• Enables immediate distribution of welfare payments

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Results

• Reduced use of physical cash and coins
• 30 regional digital currencies across 30 municipalities
• Allows users to transact simply with QR codes