A consortium of banks, led by Mizuho Financial Group and Japan Post Bank has won support from the Japanese Central Bank to launch an electronic currency, the J Coin.
![Virtual-Currency](https://www.thefuturescentre.org/wp-content/uploads/2017/10/Virtual-Currency-1200x500.jpg)
The Government is on a mission to reduce cash transactions in Japan. Currently 70% of the value of all transactions is made in cash; J Coin wants to offer a solution consumers and enterprise will trust.