[Arm Yourself in 3 Minutes] Japan's first 'Yen Stablecoin JPYC' is born. This is the 'key' that solves all our cash flow and tax problems.

Hey there! It's timo, your gal economist.
The topic for today is 'Japan's first Yen Stablecoin, JPYC'!

To put it simply, by reading this, you'll understand 'how JPYC will change our business... especially cash flow and tax issues.' That's it!

Check out the news article here

🚀 JPYC is born! So, what's the big deal?

To put it super simply, 'JPYC' is a digital currency where 1 JPYC always equals 1 yen in value.

What makes it different from the PayPay or Suica we know (which are 'existing digital money') is that it runs on blockchain technology. You might think, 'Huh? Isn't that just crypto (virtual currency)?' but that's a huge difference. This is super important, so definitely remember it.

💸 It's seriously totally different from crypto (virtual currency)!

This is the point you can brag about tomorrow. It's properly distinguished by law (the revised Payment Services Act).

• Crypto Assets (like BTC):

  • Value goes up and down... (price volatility is crazy)

  • Tax calculations are insanely difficult (like year-end market valuation... impossible)

• JPYC (Electronic Payment Instrument):

  • Value is fixed at 1 yen (determined by law)

  • So this! 👉 'JPYC is not a crypto asset but an electronic payment instrument. That's why tax calculations are finished in a flash.'

Honestly, the reason Web3 and NFTs were a pain until now was because the tax processing was nonsensical. But with JPYC, if you 'buy an NFT for 100,000 JPYC and sell it for 200,000 JPYC,' the profit is simply 100,000 yen. That's it. Isn't that revolutionary?

🌏 The '3 Divine Benefits' that JPYC solves

So, what exactly gets better? These are the 3 benefits directly linked to our work.

1. Send money anywhere in the world in 'seconds' (cost almost zero)

It's seriously crazy. 'You can send money anywhere in the world starting from 1 yen, in as little as 1 second, for less than 1 yen in costs.' The ridiculously high overseas remittance fees of banks and the days of waiting... they'll truly become relics of the past.

2. Divine improvement in cash flow

This is directly linked to us business people. Especially freelancers and those doing side hustles. 'For freelancers and side hustlers, invoice payments will change to 'instant receipt,' so cash flow will see a divine improvement.' You'll be freed from the mysterious rule of 'closing at the end of the month and paying the month after next.' Having sales deposited in real-time... that's the best.

3. Hold and send without limits

There is no limit to what you can hold in your wallet or what you can send P2P (person-to-person). (*There are limits like 1 million per day for issuance/redemption, but P2P is unlimited.) It's super smooth even when moving large amounts of money for business.

🔮 timo's 'future prediction'... the hardcore crowd will 'earn' with JPYC

OK, here is timo's analysis. People who just say 'Oh, that's convenient' are average. We think about, 'So, how do we win?'

Conclusion: JPYC will become the 'star of DeFi (Decentralized Finance)'.

Why?

• The Japanese 'Yen' has super low interest rates even by global standards

• Global professional investors (like hedge funds) are 'I want to borrow low-interest Yen (JPYC)!' and are itching to do so.

• Lots of people 'want to borrow' = Interest rates for those 'lending' go up

In other words, even if you deposit Yen in a bank, the interest rate is 0.00...%, but a future is coming where you can earn higher yields by lending JPYC in DeFi.

The arrival of JPYC means our options for asset management (how to grow our money) are seriously increasing.

⚠️ However, a word of caution! Don't ever get fooled by 'Fake Okabe'.

You might think, 'I want it in a second!', but it's just getting started. CEO Okabe-san also says, 'It's still for pros right now (like the first iPhone).'.

Also, there are seriously a lot of scams. DMs and posts like 'Free BTC giveaway' or 'Buy JPYC cheap' are all scams! 100% fake! JPYC is 1 Yen = 1 Yen. It's impossible to buy it cheap. Trying to buy from anywhere other than the official source (JPYC EX) is a definite no-go.

✨ Summary & TIPS you can use tomorrow

Alright, good work! Summarized in 3 lines.

• Japan's first Yen coin 'JPYC' is born. It's not a crypto asset, so taxes are easy.

• Benefits include 'instant overseas remittances,' 'improved cash flow,' and 'a future where you can earn with DeFi'.

• 'Free giveaways' are 100% scams. Don't touch it unless it's official!

🔥 Our 'Next Action'

1. At tomorrow's morning meeting, say with a smug look, 'JPYC is treated as 'cash' (electronic payment method) rather than a 'crypto asset' for tax purposes, so Web3 accounting is apparently going to be seriously easy.'

2. If you have MetaMask, try issuing the minimum amount (3,000 yen) as a learning expense. Being able to touch the 'norm' of the future now is what capable people do.

Did today's explanation get you hyped? 💖 Even if you're the type who thinks 'There's too much info, I can't handle it...', if you follow 'Gal Economist Timo' who explains just the key points in a second, your market value will go up automatically, so please do!