BitFlyer Online Store Adds Bitcoin Use-Case in Japan
Bitcoin is starting to gain a lot of attention in Japan as of late. Bitcoin exchange bitFlyer has recently opened up their online shop, letting users buy a variety of physical and digital goods with cryptocurrency. Although it not uncommon to see online shops accepting Bitcoin payments, it is rather unusual for a Japanese Bitcoin exchange to set up their....
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A former Goldman Sachs employee has raised $1.6m in funding to power a new Japan-based bitcoin exchange, according to Bloomberg Businessweek. Called bitFlyer, the exchange aspires to recapture the market position vacated by Mt. Gox, the Japan-based exchange that was once the ecosystem's largest trading platform. BitFlyer is seeking additional capital from overseas VCs and hopes to launch in markets outside of Japan before 2015, the report says. The exchange is the brainchild of 38-year-old former derivatives and convertible bonds trader Yuzo Kano, who left his job at Goldman Sachs in....
GMO Payment Gateway (GMO-PG) has partnered with bitFlyer to provide its 48,000 online merchants the option to accept bitcoin starting later this year. Founded in 1995, GMO-PG specializes in providing payment services to e-commerce platforms and mobile content providers. Data from Forbes suggests that the company, a subsidiary of the larger GMO Internet, nets $61m in annual sales and has a market capitalization of $374m. BitFlyer CEO Yuzo Kano framed the partnership as a "business-and-capital alliance" that will result in the creation a first-of-its-kind bitcoin settlement service in Japan,....
Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan. Bitflyer has termed this new investment activity, “Block Chain Angel Fund.” Even though this is Bitflyer’s first investment of this type, it sounds as though it will not be their last. In its press release, Bitflyer states that it chose to make the investment in Sivira because of the track record....
A new report from bitFlyer Japan states the exchange is now custodying more than 161.8 billion yen ($1.5 billion) on behalf of its clients, a two-year record for the company.
Japanese bitcoin exchange bitFlyer has integrated with a popular rewards-point service to allow consumers to receive their payouts in bitcoin. The exchange's latest move to boost bitcoin's appeal in Japan comes via a new relationship with PointTown, a "major integrated points collection site" managed by online payments and services company GMO Media. With the new partnership, customers who have earned points with PointTown will be able to cash them out in bitcoin. To do so, however, customers will need to set up a bitFlyer account. PointTown currently has 1.88 million registered users in....