TOKYO -- Japanese telecommunications company KDDI is looking to make its customer loyalty points convertible to stablecoins as early as this year, following the planned acquisition of a roughly 20% stake in blockchain technology company HashPort for an amount estimated in the billions of yen (1 billion yen is $6.49 million).
Cryptocurrencies
KDDI plans points-to-stablecoin conversion with blockchain operator
Japanese telecom to link crypto coins and payment app by investing in tech developer
KDDI and HashPort hope to allow Ponta point users to convert their points to stablecoins using a wallet app, then for the coins to be used to charge KDDI's auPAY. (Photo by Takanobu Aimatsu)
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