What do you think about the current state of the Web 3.0 field?
Noriyoshi Okabe (hereinafter, Okabe): The Web 3.0 field aims to be a new form of the Internet based on blockchain technology, and I believe that stable coins will play an especially important role in this field. As long as countries exist, each country's legal tender has a certain importance as a measure for exchanging goods and services, and in that sense, I believe that stable coins will be widely used in the Web 3.0 field and their use cases will expand.
Japan was the first in the world to establish regulations for stable coins. In the future, stable coins will be able to be exchanged for various digital assets, and I feel that they are likely to play an important role as infrastructure for the Web 3.0 field and as a bridge to the real world.
I also believe that the Web 3.0 field will create many opportunities to create business models. Although services brought about by decentralized technologies such as dApps are not so widespread now, there are endless ways to use them depending on your ideas. Taking advantage of the high security and transparency of blockchain, automation through smart contracts, fundraising and crowdfunding using token economy, DAOs as decentralized organizations, etc., various business models will be developed in the future. Therefore, while there are still challenges such as legal regulations, I feel that Web 3.0 is an area with the potential to create interesting services in the future.
"Overcoming social dilemmas" with stable coins
What kind of appeal do you want to deliver through your company's projects and services, and what do you want to achieve?
Okabe: Three years ago, in March 2021, we at JPYC Co., Ltd. started issuing and operating the stable coin "JPYC" linked to the Japanese yen with the aim of popularizing stable coins in Japan. Since then, in addition to issuing and managing our own stablecoin, we have also been working on partnerships with other stablecoins and use cases in the future, as well as making recommendations on legal regulations, responding to hearings from the ruling party and domestic and international industry groups, and taking AML measures.
We believe that the Japanese Yen stablecoin "JPYC" will not only take advantage of the speed of remittance and low fees, but will also be able to develop financial services that have not been possible until now. As stated in JPYC's mission of "breaking through social dilemmas," we would like to work hard to make existing financial services more seamless, convenient, cheap, and safe. We also want to continue working hard on Web 3.0 businesses that can expand new use cases in finance and break through social dilemmas.
Future outlook ▶︎ Web 3.0 is an area with potential to make financial services seamless, safe and secure
Profile
◉ Noritaka Okabe
CEO of JPYC Co., Ltd.
CEO of JPYC Co., Ltd., a leading stablecoin company in Japan. Utilizing his experience as a CTO and CFO, he is skilled in the interdisciplinary areas of technology, finance, and innovation law. With the mission of "breaking through social dilemmas," the company aims to create a society that can promote safe and free economic activity by seamlessly connecting Web3 and the real world using the Japanese Yen stablecoin JPYC.
