Chikuho Bank Ltd. announced the launch of a new cryptocurrency. The local currency, named Tokowaka-tsuka (Tokowaka Currency) uses blockchain technology provided by Kyushu Electric Power Co. and is designed to stimulate the local economy. To promote the debut of the currency, Tokowaka-tsuka valued at ¥1,000 was distributed to 500 people. The use of the currency will begin at the Munakata Eco – 100 International Symposium, starting on August 23. Source: Chikuho Bank, 8/20/2019
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