Japanese blockchain company Soramitsu has announced that it will begin testing a new local digital currency for retailers at Aizu University.
According to a June 29 announcement in the Nikkei newspaper, Soramitsu will begin testing White Tiger, a cryptocurrency installed on the Hyperledger Iroha blockchain. The digital assets will be tested in cafes and shops at Aizu University in Fukushima Prefecture, 300 kilometers north of Tokyo, starting July 1, and then gradually being used on off-campus sites.
The introduction of the White Panther is part of the Smart City campaign implemented by government officials and individuals in Aizu Wakamatsu. Participating stores will be able to receive digital payments from about 120,000 residents of the region using smart phone applications or debit cards.
Soramitsu, headquartered in Tokyo, is one of the startups behind the development of the digital currency of Cambodia's central bank.