Lawson is expected to test the JPYC stablecoin in stores.
Lawson is entering the stablecoin adoption of retail payments as it will be testing the capacity of stablecoins to be used for checkout at the till across its supermarkets. This will be live at the end of the summer in Tokyo.
Stablecoin In-Store Payments With Yen Stablecoin
Per Nikkei, customers shopping in Takanawa Gateway City will be able to pay for everyday items and groceries from their mobile phones and digital wallets using a barcode, compatible with in-store Point-of-Sale (PoS) machines.
This would make a useful case for the yen-backed stablecoin that is already being distributed on South Korea’s Kaia chain and which nearly doubled its overall market cap to $41.9M per CoinGecko’s only a few days ago at the start of the month.
As more JPY currency stablecoins are issued by private entities and bank-led ventures within the country, the focus will shift away from only the institutional side to regular people.
However, the adoption of stablecoin payments to retail stores is the next step in countries like Japan and more globally.
B2B stablecoin payments are still currently leading global volumes, but for individuals, stablecoin savings and physical and online checkouts, as well as cards, are the next top choice for stablecoins to present themselves.
