Japanese container shipping line Nippon Yusen Kaisha (NYK) has announced the world’s first onboard use of digital currency. That has occurred through the MarCoPay fintech platform, which is operated by NYK and the Philippine-owned Transnational Diversified Group (TDG).
Using MarCoPay, onboard purchases of daily necessities by crew have been successfully performed digitally and hassle-free on a number of vessels, including those operated by other companies, and even in an unstable onboard communication environment, according to NYK’s statement.
NYK and TDG will continue to prepare for a full launch, which will include the transmission of funds overseas to family members.
In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalisation and Green,” NYK says it will continue its digitalisation efforts to support the lives of seafarers and their families around the world.
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Crew using MarCoPay on board |
MarCoPay screen |
