• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    BlackRock CEO Predicts $500K Bitcoin Surge

    BlackRock CEO Predicts $500K Bitcoin Surge

    Metaplanet Launches US and Japan Subsidiaries Amid Market Volatility

    Metaplanet Launches New US, Japan Subsidiaries Amid Stock Volatility

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Options Market Eyes $125K Targets Post-FOMC

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Bitcoin Bulls Eye $125K Amid Fed Rate Cut Speculations

    Next Technology's Major Bitcoin Acquisition Plans

    Next Technology Plans $500M Stock Sale to Buy Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

    Next Technology Plans $500M Stock Sale to Acquire Bitcoin

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Cardano Founder Engages in Key Crypto Regulation Meeting

    Cardano Founder Engages in Key Crypto Regulation Meeting

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Wormhole Launches W Token Reserve and Revamps Tokenomics

    Shiba Inu Market Trends: Exchange Reserves and ETF Discussions

    Shiba Inu Exchange Reserves Drop Amid ETF Buzz

    Forward Industries' $4B Solana Investment Strategy Unveiled

    Forward Industries’ $4B Solana Investment Strategy Unveiled

    CleanCore's DOGE Treasury Surpasses $160M Boosting Market

    CleanCore’s DOGE Treasury Surpasses $160M Boosting Market

    XRP Treasury Expansion Through VivoPower Mining Swap

    XRP Treasury Expansion Through VivoPower Mining Swap

    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

Bio Protocol Raises $6.9M in Seed Round

Bio Protocol Raises $6.9 Million Led by Maelstrom Fund

by Solomon M.
September 18, 2025

Bio Protocol secures $6.9M in seed funding, led by Maelstrom Fund, boosting DeSci potential.

Cardano, Ripple Lead Crypto Regulation Talks

Cardano, Ripple Lead Crypto Regulation Talks

by Solomon M.
September 18, 2025

Cardano and Ripple join U.S. lawmakers for key bipartisan crypto regulation discussions, marking significant policy progress.

Federal Reserve Cuts Interest Rates by 25 Basis Points

Federal Reserve Cuts Interest Rates by 25 Basis Points

by Solomon M.
September 17, 2025

Federal Reserve Chair Jerome Powell announces 25 bps rate cut affecting market liquidity.

NYDFS Mandates Blockchain Analytics for Bank Compliance

NYDFS Mandates Blockchain Analytics for Bank Compliance

by Solomon M.
September 17, 2025

NYDFS mandates blockchain analytics for banks to curb illicit activities, impacting financial compliance.

Bank of Canada Cuts Rates to 2.5% Amid Economic Strain

Bank of Canada Cuts Rates to 2.5% Amid Economic Strain

by Solomon M.
September 17, 2025

Bank of Canada lowers interest rates to 2.5%, addressing US tariff impacts.

Franklin Templeton CEO Challenges Interest Rate Cuts

Franklin Templeton CEO Disputes Rate Cut Amid Economic Strength

by Solomon M.
September 17, 2025

Franklin Templeton challenges proposed rate cut, citing strong economic conditions.

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.