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Cardano Foundation has announced a new payment solution for users in Japan.
According to a statement from the foundation, the “Cardano Card,” developed in partnership with EMURGO, SecondFi, and Slash, will soon be launched in Japan. This new card solution will allow users to spend their stablecoins on the country’s daily payment networks.
EMURGO CEO Phillip Pon highlighted Cardano’s historical ties to Japan, stating that they have long aimed to enable Japanese ADA investors to do more than simply hold and stake tokens. Pon emphasized that Japan’s clear regulatory framework and advanced digital payment culture make it strategically important for the Cardano ecosystem.
According to the announcement, Japanese fintech company Slash is developing a stablecoin-based payment infrastructure compliant with the country’s local payment systems and regulatory requirements. This infrastructure will allow users to conduct transactions with stablecoins on everyday payment networks, including the widely used QR code payment systems in Japan.
The system will be distributed through the SecondFi application. Users will be able to order Cardano Cards and use their stablecoins for daily spending.
*This is not investment advice.