#Cryptocurrency #Japan #Tokyo #STANDAGE #BitTrade

Joint Verification Results of Cryptocurrency in Trade

In a significant advancement for the integration of cryptocurrency within trade, BitTrade Inc. and STANDAGE Corp. have announced the successful results of their collaborative verification project aimed at exploring the practical use of digital assets in trade operations. Initiated on August 6, 2026, the project aspired to uncover both the challenges and possibilities that cryptocurrency presents in the trade domain.

The verification process focused on several key operational aspects, such as the time and cost involved in converting cryptocurrency to Japanese yen, as well as the procedures for confirming deposits and processing transactions. According to the results yielded, the entire process—from sending cryptocurrency, confirming receipt, to liquidating and ultimately withdrawing funds in yen—took less than a few hours.

Findings of the Verification

During the verification, real transactions were executed to ascertain the reliability of the operational flow. The sequence included:
1. Sending cryptocurrency from the originator.
2. Confirming receipt on the receiving end.
3. Selling the cryptocurrency followed by conversion into yen.
4. Achieving a state where funds are available for withdrawal in yen.

Notably, the costs incurred during conversion were lower than the preliminary estimates set by both companies prior to commencing the project. The term “state of being available for withdrawal in yen” refers to the point at which the yen balance is reflected in the BitTrade account. The times reported are based on the conditions established for this verification and may vary depending on transaction terms and operating methods.

Future Directions

The results emerged not only from assessing the technical ability to send cryptocurrency but also included real-life scenarios that corporations may face in actual transactions. The participants aim to simplify and automate the operational flows for future efficiency.

In terms of future engagements, STANDAGE’s Chief Product Officer, Tyrone, expressed optimism regarding the findings: “We’ve confirmed that the practical flow—from receipt to sale and conversion into yen—can be completed within the same day, with costs below expected levels. Moving forward, we plan to conduct further tests that align more closely with actual transaction scales and conditions.”

The coming steps involve testing at a scale that mirrors real trade operations more closely while assessing how cost structures evolve with different transaction sizes. Furthermore, the joint endeavor seeks to continue developing practical solutions for firms engaged in international trade utilizing cryptocurrency.

Upcoming Seminar and Engagement Opportunities

On September 15, 2026, BitTrade and STANDAGE will host a seminar, where they will provide insights based on this verification as well as practical operational points related to using cryptocurrency in trade. Businesses interested in exploring the potential applications of cryptocurrency for their international transactions are encouraged to participate.

Topics covered will include:

• - Applicability in overseas transactions.
• - Comparative analysis with existing payment methods.
• - Detailed breakdown of costs and operational methodologies.

For details on participation, visit the seminar registration link provided on the event page.

Insights on STANDAGE

Founded in March 2017, STANDAGE is dedicated to creating a world where all nations have equal access to goods and payment exchanges, regardless of geographical limitations. They aim to develop a blockchain and stablecoin-based trade settlement system, particularly focusing on emerging markets such as Africa. Their efforts extend beyond trading solutions to encompass a comprehensive digital transformation across trade processes.

For inquiries: Businesses exploring the application of cryptocurrency in their international dealings can reach out to BitTrade for consultations. Whether you intend to embrace cryptocurrency for current overseas transactions or are interested in collaborative initiatives for joint verification, we welcome all inquiries.

About BitTrade

BitTrade has leveraged its robust blockchain technology and security systems to foster various industry applications. They are a registered cryptocurrency exchange and are committed to safe and efficient trading environments. Through collaboration with innovative firms such as STANDAGE, they aim to push the boundaries of digital asset utilization in trade and finance. Interested parties are encouraged to follow up with their support team for more information.