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Soramitsu Starts Testing ‘White Tiger’ Digital Currency in Japan

Soramitsu Starts Testing ‘White Tiger’ Digital Currency in Japan

Japanese blockchain firm Soramitsu introduced it might begin testing a brand new native digital foreign money for retailers on the College of Aizu.

In line with a June 29 report within the Nikkei newspaper, Soramitsu will start testing “White Tiger,” a digital foreign money sitting on the corporate’s native Hyperledger Iroha blockchain. The digital asset shall 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 step by step 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. Taking part shops will have the ability to obtain digital funds from the world’s roughly 120,000 residents by smartphone apps or cost playing cards.

Soramitsu, based mostly in Tokyo, is without doubt one of the blockchain startups behind the event of a central financial institution digital foreign money in Cambodia.

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