4,000 Stores, Broad Optimism Makes Japan Land Of Rising Bits
Bitcoin in Japan is bigger than ever, with over 4,200 stores accepting it in 2017 and Tokyo exchange Quoine set for $1.5 billion turnover this year. Bitcoin Hits The High Street. Local news resource NHK reported Tuesday that according to a december survey, the number of stores accepting Bitcoin in Japan had risen by 460% since the same time in 2015. “[Bitcoin] has spread to various sectors such as beauty and nail salons… in addition to extant eating and drinking establishments,” it says. With cryptocurrency payment becoming standard in Japan’s ubiquitous consumer industries, there is cause....
Related News
Everyone in the Bitcoin community knows Japan has been a hub of activity. The largest Bitcoin exchange, Mt.Gox, was stationed in Japan until it collapsed and its CEO, Mark Karpelès, was arrested. But not everything in Japan related to Bitcoin has been negative. Nor have these incidents stopped the growth of Bitcoin. The Land of the Rising Sun has indeed....
Japanese banks are set for embracing Bitcoin after proposed new laws. Has Bitcoin finally come of age in the land of the rising sun? On March 4, 2016, The Japan Times reported that the Cabinet in Japan had approved a series of bills which would help the banking sector expand their reach when it comes to Information Technology businesses. This intertwining of banking and IT are called ‘FinTech’ in emerging parlance. Interestingly, the cabinet also takes into stock the rising importance of virtual currencies and the new bills will recognize them as a means of making payments and having the....
One Redditor reported that bitcoin trade volumes in Japan were the second highest among all currency pairs across the world. Bitcoin technology is unquestionably finding its share of fans in Japan, a country which recently proposed a rather friendlier regulatory framework for the digital currency. And now, the land of the rising sun is making a similar progress in terms of online trading. Over the gone weekend, Japan has reportedly recorded the world’s second highest Bitcoin trade volume, falling just short of touching China, while beating the US. A discussion initiated on Reddit provided....
Spare app has added Bitcoin payment support, allowing users to cash out in national currencies in select U.S. regions using any iOS device. Spare: Cash Out Bits at Your Local Store. Spare, an alternative finance app that allows users to withdrawal cash on-the-go through various merchant locations, now supports Bitcoin. Using the Spare app, users can now cash out their bitcoin at certain local stores. The services is currently available in certain parts of the U.S, including New York, Colorado, New Jersey, Philadelphia, and Washington DC. While there are currently a few alternatives to cash....
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....