Japan’s tourist tax refunds will be paid in JPYC on Avalanche

Japan Tax Free, JPYC, and UPBOND are building a system to send eligible traveler refunds to wallets on Avalanche C-Chain Tourists leaving Japan may soon get their consumption tax back in something other than cash. Japan Tax Free, JPYC, and UPBOND are developing a system that would send eligible traveler tax refunds straight to wallets on Avalanche C-Chain. The refund arrives as JPYC, a stablecoin pegged to the Japanese yen. Japan Tax Free runs JapanRefund, a service that processes tax refunds for foreign visitors. The company has announced plans to let eligible travelers receive those refunds in JPYC.