Over 20,000 Retailers in Japan to Start Accepting Bitcoin Payments
Bitcoin exchange Quoine and payments network Econtext recently struck a deal that can allow over 20,000 online and physical retailers in Japan to start accepting bitcoin payments soon. Merchants that are already using Econtext's payment processing services in thousands of online stores can accept bitcoin payments without having to register under a bitcoin-specific processor. This deal has been in the works since last year and is already available to businesses this month. "For us, it's a pretty significant deal," said Quione CEO Mario Gomez Lozada. More Merchants Accepting Bitcoin....
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It is good to see Japanese retailers embrace bitcoin payments all of a sudden. Bitcoin is starting to gain mainstream traction in Japan. Earlier this month, the government introduced a new regulation legalizing cryptocurrencies. As a result, two of Japan’s largest retailing groups will enable bitcoin payments moving forward. In doing so, the groups aim to promote bitcoin as a mainstream payment method. An interesting turn of events, and one that spells a bright future for bitcoin. It is good to see Japanese retailers embrace bitcoin payments all of a sudden. Bic Camera, a major electronics....
Only a few days after bitcoin officially became a method of payment in Japan on April 1, two major Japanese retailers have partnered with Japanese bitcoin exchanges to start accepting the digital currency for payments. Bic Camera and Bitflyer. Bic Camera is a major consumer electronics retail chain in Japan. Many of its stores are either located in front....
Will the adoption of Bitcoin by large retailers have an impact on the transaction volume? The range of products that can be bought for Bitcoins has grown significantlysince the beginning of 2014 as more and more large online retailers have followed their customers’ demands to start accepting Bitcoin payments. In the early days of 2014 Overstock started accepting bitcoins as a form of payment. After the Chinese central bank prohibited financial institutions from processing Bitcoin transactions it came in as good and refreshing news for the cryptocurrency.
Will the adoption of Bitcoin by large retailers have an impact on the transaction volume? The range of products that can be bought with Bitcoin has grown significantly since the beginning of 2014 as more and more large online retailers have followed their customers’ demands to start accepting Bitcoin payments. In the early days of 2014, Overstock started accepting bitcoins as a form of payment. After the Chinese central bank prohibited financial institutions from processing Bitcoin transactions, it came in as good and refreshing news for the cryptocurrency. A few days later, TigerDirect....
Bitcoin’s uptake with popular and leading online retailers has been slow, but since its rapid surge in value and interest recently, it has regressed. Fewer, rather than more, retailers are accepting Bitcoin as a form of payment. Last year five retailers in the world’s top 500 biggest online stores were accepting Bitcoin according to the publication Internet Retailer, now, however, it has emerged that the figure is down to just three. Where is the growth? It is a perplexing discrepancy in the growth of Bitcoin to its acceptance by online merchants, as noted by Morgan Stanley payments....