Bitcoin Boom in Japan: Merchant Adoption Grows Four-Fold in One Year
From less than a thousand, the number of merchants accepting Bitcoin in Japan has grown by more than four times in the last twelve months, according to a new survey by ResuPress Inc, the company that runs Coincheck, one of the major Bitcoin exchanges in the country. Aside from the Bitcoin exchange, ResuPress also provides Bitcoin payment processing for merchants very similar to the service BitPay offers. 4,200 Japanese shops accept Bitcoin. According to NHK, the survey shows that the number of stores that accept the digital currency especially on the Internet in the Japanese market....
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Bitcoin trading is booming in Japan as yen exchange rates have stabilized, bitcoin has been volatile and the Japanese government has passed virtual currency legislation, according to the Nikkei Asian Review. A total of 430 billion yen in bitcoins were traded in the first half of the year, 50 times more than in the same period in the previous year. Yuzo Kano, CEO of bitFlyer, Japan’s largest bitcoin exchange, said trading volume has increased at an unforeseen pace. The bitFlyer exchange handles around 40 percent of Japan’s bitcoin trading. The exchange has exceeded 200,000 customers this....
Most countries saw bitcoin volumes surge in 2016, but some markets grew faster than others. Bitcoin.com looked at trade volumes across dozens of bitcoin exchanges to find the countries and currencies with the largest growth during the year. Japan. Japan has the second highest bitcoin trading volume globally after China. Bitcoin trading for the yen....
Undoubtedly, Bitcoin can be called the world’s first truly global currency that has the potential to reduce friction and complement global e-commerce and the Internet age. But while Bitcoin can be used by almost everyone to buy almost anything online, we were interested in discovering which countries are the most accommodating when it comes to locations where people can spend Bitcoin. Merchant adoption may seem rather insignificant, especially if we consider that most of these businesses don’t actually hold any bitcoins i.e. it is common practice to instantly convert digital coins into....
3 September 2021, OKCoin Japan Exchange announces its official listing of IOST. The listing of IOST on OKCoin Japan marks IOST’s next important milestone in its global expansion and adoption. Specifically in Japan, in 2020, IOST has been approved by Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, successfully become the 14th […]
Some of the folks at BitPay have just released the stats of 2014's Bitcoin performance – the numbers that get less fanfare than the price, but are no less indicative of the currency's prospects. Aggregated and hashed are: Countries with highest use. Big-name merchant acceptance. Trading volume. Number of active wallets. Venture capital investment. Overall merchant adoption. Bitcoin is used all over the world, but there are some areas that see higher concentrations of activity. The five countries where Bitcoin is used most are the United States, the United Kingdom, Canada, Germany, and the....