Bridging the digital life

Buy JPYW

How do we PASS these
3 Barriers

The Barrier between
Crypto and Real-World Assets

As a P2P electronic currency system, Bitcoin was born in 2008, to enable direct payment between users with blockchain technology, without the intervention of financial institutions. In reality, the volatility, low payment speed, and high payment fees make Bitcoin payments far from ideal. With ever-increasing commodity prices, it is clear in some cases, that Bitcoin is not meant to be a valid payment method. Since then, discussions regarding payments using blockchain technology erupted worldwide, and answers came in from all fronts. However, current Stablecoins such as USDT, issued by Tether, are usually USD-pegged. And this is quite inconvenient for Japanese users.

The Barrier Among Nation Borders

Crypto assets are borderless. Compared to traditional systems, crypto-assets can be freely deposited and transferred with a personal crypto wallet, both quick and cost-efficient. However, traditional crypto assets such as Bitcoin are still prone to the risk of price fluctuations, as well as additional problems when circulating in the real world.

The Barrier between
the Present and the Future

In modern times, the way of money is slowly changing as well. With the advancement of a cashless society, commercial trades are occurring on the internet more frequently. The trading market of NFT (Non-Fungible Tokens) based on contents such as digitized art, photography, video, and music, is expanding steadily. Soon, the trend of digitization and a cashless society will become inseparable from crypto assets. Therefore, it is crucial that we prepare early.

THE
solution

JPYW (World)-a JPY pegged stablecoin

JPYW is a yen-pegged stablecoin. It has the characteristics of a blockchain token, yet is legally an in-house payment method by the fund settlement law. JPYW issued and sold by PassPay is 1 yen = 1 JPYW. It can be used for services provided by PassPay. This allows the user a new payment method while avoiding the risk of significant price fluctuations.

In-house prepaid payment method according to the fund settlement law

Although JPYW has the characteristics of a token issued on the public blockchain, it is legally an “in-house payment method" under the Funds Settlement Law instead of a kind of crypto asset. “In-house prepaid payment method" is a payment method that can be used for service provided by PassPay, and JPYW can be purchased and used at the rate of 1 JPYW = 1 yen.