JPYC to be used for tax-free refunds for foreign visitors to Japan from Nov. 1

JPYC Co. said it plans to launch a new initiative allowing foreign visitors to Japan to receive tax-free refunds in the yen-based stablecoin JPYC. UPBOND and Nihon Menzei developed wallet infrastructure through a partnership to let travelers receive those refunds in JPYC, and the system is scheduled to begin operating on Nov. 1.