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Starting in August, Japanese yen stablecoins will be available to pay at convenience store checkout counters.
Lawson convenience stores, Japanese telecom company KDDI, and digital wallet company HashPort will conduct a payment test at the Lawson Roppongi Gateway City store in Tokyo.
HashPort will provide the mobile wallet and stablecoin payment system, while KDDI will handle the integration between the financial and payment systems.
At checkout, participants pull up a payment code in the HashPort Wallet; the cashier reads it using the store’s existing POS, and the system then deducts the corresponding yen stablecoin.
The first round will be open only to some employees of the three companies, mainly to test whether this payment method can be integrated into the existing checkout process and how long a single payment takes.