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.
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.
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.
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