Key Takeaways:
Hashport and Sumitomo Mitsui Club partnered to let cardholders trade reward points for JPYC next Monday.Yoshihiro Yoshida said points tap a 2.8T yen annual market, driving stablecoin adoption across Japan.On June 1, a 50% point cashback program will launch to boost JPYC usage and exchange.Hashport will serve as the platform to complete these exchanges, with every 2,500 reward points from Diners Club cards and every 4,000 points from the Trust card exchangeable for 1,000 JPYC when the service starts next Monday.
In addition, to celebrate the launch, the service is establishing a cashback program from June 1 to November 30 that will return 500 points for every 1,000 points exchanged. The JPYC received can be managed in 4 different chains, including Ethereum, Avalanche, Polygon, and Kaia, and can be used freely to pay for products and services.
He also explained that their reward points had no expiration date.
