‘Privacy 2.0’ Blockchain QURAS Valid for Payment Across Japan

Asia Blockchain Review
December 1, 2019

A next-generation blockchain protocol that promises to deliver “Privacy 2.0” has been accepted by a wide array of retailers in Japan as currency.

Reported by Yahoo Finance, QURAS Coin is to be made usable as a means of payment in over 100 stores throughout the island nation.

QURAS Coin Catapults to Prominence in Japan

According to the report, customers of certain stores across Japan will soon be able to make payments using QURAS Coin, the native token of the QURAS blockchain. Support for such transactions is slated to begin following the launch of the QURAS main network, currently scheduled for the start of February in 2020.

Once online at the over 100 Japanese shops, QURAS will springboard to becoming one of the most widely used digital currencies in the East Asian nation. Once fully active, it is expected to be second only to Bitcoin in its prevalence. All the stores are to be listed on a mobile app from QURAS to be released soon. 

QURAS Blockchain Offers Next Level Privacy

Key to QURAS Coin’s adoption is likely its promise of higher-level privacy and security, even compared to traditional blockchain protocols designed with an emphasis on such aspects. QURAS is described as a “secret contract platform” that boasts “Privacy 2.0.” The central function of the protocol and its coin is to serve industries with high requirements for confidentiality.

Another benefit of QURAS Coin is that it allows for transaction fees to be returned to project operators. These pluses have been attributed to how the new currency has gained such traction in Japan.

Source:finance.yahoo.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Improving Grant Management with Blockchain Technology
    The U.S. Treasury Department and the National Science Foundation have developed a blockchain-enabled...

    January 27, 2020

    Dish Network Files Patent for Anti-Piracy System Backed by Blockchain
    Dish Network, a major television provider in the U.S., has submitted a patent application for an "an...

    January 27, 2020

    Concerns Raised over Unclear Definitions of Crypto-Assets in Crypto-Currency Act 2020
    A cryptocurrency bill being drafted in the US Congress has been criticized for its vague definitions...

    January 25, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us