Introduction of JPYC, Inc.
Hey Guys.
Certainly, here’s the information about JPYC, a company affiliated with xWIN.Finance.
Today, we introduce JPYC Corporation, an enterprise that issues and operates the stablecoin “JPYC (JPY Coin),” which is pegged to the Japanese Yen. In the stablecoin sector, JPYC Corporation stands out as the undisputed leader in Japan.
1. CEO: Noritaka Okabe
Noritaka Okabe, commonly known as Okabe Noritaka, dropped out of Hitotsubashi University and, after working in the gaming industry, founded JPYC. He’s dedicated to bringing innovation to Japan’s financial landscape through stablecoins. He is well-known in the Japanese blockchain community and has connections with Jeremy Allaire of Circle, ensuring that Japan keeps up with global trends in stablecoins.
2. Funding Source
JPYC Corporation has received investments from Circle, the issuer of USDC (USD Coin). Additionally, it is part of the James Group, the same group as xWIN.Finance.
3. About JPYC (JPY Coin)
- JPYC is a stablecoin pegged to the Japanese Yen, developed and operated by JPYC Corporation.
- JPYC is a prepaid-type stablecoin created on public blockchains.
- 1 JPYC is equivalent to 1 Japanese Yen, and it operates as an ERC20 token, requiring individuals to manage it in wallets like MetaMask.
4. Use as a Payment Method
- JPYC is utilized as a payment method within Japan and is categorized as a prepaid payment method. It functions similarly to prepaid cards, being a blockchain-based prepaid coin.
- JPYC can be exchanged for V Preca Gift Cards and used for everyday shopping, including being adopted by well-known establishments like Matsuya Ginza, a famous department store.
5. Total Issuance
As of September 2023, JPYC Corporation has surpassed a total issuance of 2 billion Japanese Yen.
6. Mission
JPYC Corporation’s mission is to overcome societal dilemmas by seamlessly bridging the world of cryptocurrencies with the real world, enhancing capital liquidity, and enabling innovation for everyone.
7. Prepaid Payment Method
JPYC is not a cryptocurrency but rather a prepaid payment method, making it ideal for blockchain utilization in businesses. It consistently maintains a 1 JPYC = 1 JPY conversion rate.
8. Supported Networks
As of September 2023, JPYC (JPY Coin) is compatible with the following networks:
- Ethereum
- Polygon
- Shiden Network
- Gnosis
- Avalanche
- Astar Network
JPYC Corporation is paving the way in the Japanese cryptocurrency market by offering a stablecoin pegged to the Japanese Yen, facilitating everyday payments and transactions. Its future developments are poised to attract significant attention.
◾️Company Profile
Company name: JPYC Corporation
Representative: Noritaka Okabe, Representative Director
URL ：https://jpyc.co.jp/
Twitter ：https://twitter.com/jcam_official
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