Bitcoin Accepting Shops in Japan Increase Drastically, by 4.5x
The Japanese bitcoin market has added a significant number of bitcoin merchants this past year. Local publications such as NHK revealed that there were over 4,200 bitcoin-accepting shops in Japan by the end of 2016, demonstrating roughly an annual growth rate of 4.6x. Rapid increase in the acceptance of bitcoin by merchants can be directly attributed to the Japanese government’s recognition of bitcoin as money. In May of 2016, the National Diet of Japan passed a bill to regulate digital currency exchanges, declaring bitcoin as a legal form of money. Establishment of Bitcoin’s Legality.....
Related News
More than 40 independent and local shops in the UK are now accepting bitcoin. Some of them don't even know about it. As of April 1st, We Deliver Local, a UK-based e-commerce solution for local shops added bitcoin as an official payment method. We Deliver Local allows registered customers to buy products online from their nearby greengrocers, butchers, fishmongers and delicatessens. The company also provides a delivery service for a flat fee of £2 where drivers pick up all the orders from shops and bring to the customers' address. Below is a short video produced by We Deliver Local on how....
Starting on Nov. 17, merchants at the Passage du Grand Cerf will be the first Parisian marketplace to accept Bitcoin, with 20 shops already preparing for its acceptance. These shops will be added to Paris’s growing list of Bitcoin-accepting shops and will be accepting both fiat and Bitcoin with the help of several Bitcoin groups. The Passage and Bitcoin. With the help of France’s Cercle du Coin Bitcoin club and La Maison du Bitcoin by Ledger, the merchants of the Passage are welcoming Bitcoin as an additional and alternative way to pay without suffering heavy fees and rates for....
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....
It’s very exciting to see pictures of shops in Japan and India that are now accepting Bitcoin. If you have any, feel free to tag me on social media. I’m starting a collection. Here’s one of my favorite ones yet. This photo was taken by a Redditor in North Carolina. Despite the American flag in the background and obviously American shops I still wanted to verify the authenticity of this, so here it is: https://www.crabtree-valley-mall.com/stores/bitcoin-dispensary With end users now able to conveniently and instantly convert their government issued paper for real verifiable digital money....
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....