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BSCN
@BSCNews
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Joined November 2020
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Avalanche is powering Japan’s Tourist Tax Refund System Japan Tax Free and UPBOND have teamed up with @jpyc_official to offer a tax-free e-Yen refund program for foreign tourists. This will go live on the @Avax C-Chain on November 1. The platform combines Japan Tax Free's national clearing system with UPBOND's built-in wallet software. Tourists with no cryptocurrency knowledge can create an account at departure gates. After customs verifies the purchases, they receive their tax refunds in $JPYC. This is a practical, real-world use case for stablecoins.
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