Japan set to launch the first cryptocurrency-backed credit card
The card will comply with Japan’s cryptocurrency and payment regulations and feature innovations such as ‘Pay-to-Earn’ airdrops for both global and domestic crypto projects.
Japan is set to introduce its first cryptocurrency-backed credit card, thanks to a partnership between Slash Vision Labs and a Japanese credit card issuer. While specific details about the issuer remain under wraps, the deal is expected to bring the Slash Card to market in 2025. The card will be fully compliant with Japan’s cryptocurrency and payment regulations and aims to make cryptocurrency payments more accessible, with unique features such as ‘Pay-to-Earn’ airdrops for global and domestic crypto projects.
Slash, known for supporting memecoin projects like Chiitan Coin (CTAN), has also made moves to integrate crypto into various aspects of Japanese pop culture. Through its platform, Slash has already enabled payments for manga content on Comilio, a platform allowing users to pay for manga with cryptocurrency. The company’s broader mission includes introducing cryptocurrency payment solutions and expanding Web3 opportunities in Japan.
The move aligns with Japan’s growing interest in integrating cryptocurrencies into mainstream finance and entertainment, marking another step in the country’s embrace of digital assets and their growing role in daily transactions.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.
