Wednesday, 21 November 2018 09:51

NYK to pay crewmembers in digital currency

537 digital currency
 

Japan's largest shipping line by sales, Nippon Yusen K.K., (NYK) is moving towards building an innovative system by launching its own digital currency for seafarers. NYK is aiming to make seafarers' life easier and more efficient by digitalizing their currency. In other words, according to Bloomberg, the company aims to convert the money to local currencies, which is why the company is developing digital cash. It is not clear yet if the company will use blockchain or some sort of cryptocurrency. The company is also looking to collaborate with banks and software developers to make sure that its digital currency will be able to be converted into local currencies. The company's idea is based on the initiative of using smartphones and is set to launch on the first half of 2019.

Read 306 times Last modified on Thursday, 22 November 2018 15:02
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