Japan’s move towards a cashless society reached a milestone with the introduction of digital wage payments through PayPay, a widely-used QR-code payment application. This initiative, approved by the government, permits employees to receive part of their salaries in a digital format, reflecting a significant shift in how wage distribution can evolve in today’s economy. Effective […]
Countries Accelerate Development of Digital Currencies
In recent years, central bank digital currencies (CBDCs) have captured global attention as nations respond to technological advancements and changing economic behaviors. According to research from the Atlantic Council, a growing number of countries, representing a staggering 98% of the global economy, are actively exploring digital versions of their currencies. Notably, almost half of these […]