Crypto
Japan payment processor Zentoushin bankruptcy sparks concern over payment gaps; some cite BTC, JPYC as alternatives
Concerns are rising in Japan over potential payment infrastructure gaps for some businesses after credit card payment processor Zentoushin went bankrupt. Businessman Takafumi Horie mentioned bitcoin and yen-linked stablecoin JPYC as possible alternatives in a YouTube video. Zentoushin was known for serving sectors often avoided by financial institutions and filed for bankruptcy with about 125.9 billion yen in liabilities. JPYC is also running payment trials, including vending machines in Kyoto.
