Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    K Wave Media’s Stock Soars Amid Bitcoin Investment Plan

    K Wave Media to Acquire Bitcoin in New Strategy

    Michael Saylor Initiates Sale of Bitcoin-Themed Ties

    Trump’s Bill Sparks Bitcoin Enthusiasm Among Economists

    Locate Technologies Adopts Bitcoin Treasury Strategy

    Norway’s K33 Makes First Bitcoin Purchase for Treasury

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    SEC Delays Decision on Canary’s Litecoin ETF Proposal

    SEC Delays Decision on Canary Spot Litecoin ETF

    SEC Postpones Decision on Canary’s Litecoin ETF Proposal

    SEC Postpones Decision on Canary Spot SUI ETF

    Cardano CEO Meets Franklin Templeton on Blockchain Strategy

    Dogecoin’s Bearish Pattern Indicates Upcoming 15% Price Drop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Japanese Shipping and Logistics Company Set to Launch a Stablecoin

Joshua T. by Joshua T.
November 23, 2018
in Latest News
Nippon Yusen Kaisha (NYK)

A shipping and logistics company based in Japan— Nippon Yusen Kaisha (NYK), has recently made it known that it will launch a digital currency soon. The purpose of the digital currency is to enable it to pay its crew members for their services.

Nippon Yusen Kaisha to Launch Stablecoin

The company made it known that the cryptocurrency is going to be a stablecoin, and it will be pegged against the US dollar. The company hasn’t really given full details on how it plans to go about this. The company is however still in the process of getting a patent for the technology after which it will offer it to managers, owners and perhaps potential investors.

Once the project launches in 2019, the coin is expected to make it easy for the shipping company to pay its crew who happens to consist of people from different countries. Currently, the process for paying crew using FIATs is flawed. As a shipping company, its crews are usually based in different countries. Since the company is based in Japan, payment is usually made using the Japanese Yen. As a result of this, workers who are not based in Japan are required to change the money once they touch down in their various locals. Another hindrance is the fact that international FIAT transfers tend to take longer and can be quite expensive.

Cheaper Money Transfer

Once the digital currencies launch, the coins transfer process is expected to get done faster and at a more cheaper cost than when using FIAT. As a result of this, the ship crew members will also be able to send money from anywhere they are in the world to their loved ones. The company authorities have made it known that it chooses to launch a stablecoin simply because is totally immune to the volatility of the market.
Nippon Yusen Kaisha has made it known that it has entered into talks with developers and all hands are on deck.

Previous Post

Noway Set to End Subsidy Placed on Bitcoin Miners Electricity Bills

Next Post

Swiss Federal Railways Completes a Digital Identity Pilot on Ethereum

Joshua T.

Joshua T.

Related Posts

Ripple CEO Denies $5 Billion Circle Acquisition Rumor

by Solomon M.
June 4, 2025

Ripple's CEO denies acquisition rumors; market remains stable with no impact on digital assets.

JPMorgan Chase Accepts Bitcoin Crypto ETFs as Loan Collateral

by Solomon M.
June 4, 2025

JPMorgan Chase to accept Bitcoin and crypto ETFs for loans, marking institutional adoption.

Binance Enhances Alpha Points Security Against Bots

by Solomon M.
June 4, 2025

Binance upgrades systems to prevent bot abuse in Alpha Points program, ensuring fair access.

Moscow Stock Exchange Lists BlackRock Bitcoin ETF Futures

by Solomon M.
June 4, 2025

Moscow Stock Exchange lists futures on BlackRock's Bitcoin ETF, a regulated crypto product for Russian investors.

Donald Trump Jr. Denies Involvement in $TRUMP Memecoin

by Solomon M.
June 4, 2025

Donald Trump Jr. disclaims connection to $TRUMP memecoin, focusing on stablecoins and Bitcoin mining.

WazirX Relocates to Panama after Singapore Court Rejection

by Solomon M.
June 4, 2025

WazirX moves to Panama following a Singapore court's rejection of its restructuring proposal, impacting users' funds.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.