MonaCoin is the first alternative cryptocurrency developed in Japan. It is based on the popular Japanese character, Mona. MonaCoin has a Proof-of-Work (PoW) consensus mechanism and uses a version of the Lyra2RE mining algorithm that was first used by Vertcoin.
MonaCoin has an enthusiastic user base that has developed a variety of Mona-based web applications and services. MonaCoin holders also use the coin as a tipping system.

Fiii Coin is developing an ecosystem designed to promote the wide spread adoption of a variety of cryptocurrencies. Their payment terminal will be compatible with wide range of cryptocurrencies, and will be comprised of a wallet, exchange, and DApp development plugins. The Fiii blockchain has a Delegated Proof of Capacity (DPoC) consensus mechanism.