Japanese Telecom Company KDDI and Exchange DeCurret Test Digital Currency
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19 February
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Japanese telecom giant KDDI and crypto trading platform DeCurret have partnered to test a new digital currency, according to a press release the exchange shared yesterday.

According to the press release, both companies will carry out a joint project to test a digital currency for real-world transactions that will be issued on a blockchain.

During the test, KDDI will ask WebMoney to issue and distribute the digital currency, while AU Financial Holdings, WebMoney's parent company, will manage the project.

DeCurret will provide the platform for issuing and managing the currency.

The project will take place between February 18 and 28 and aims to extend the services of DeCurret's platform. The tests shall find out whether this digital currency can be used in real-world transactions such as buying a coffee.

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