Yesterday, a post was put up on cryptocurrencies and now a news article appeared yesterday reporting that 100,000 retail stores in Japan will now accept bitcoin. In addition to that, a low fare airline in Japan Peach Aviation will also now accept btc. In addition to these 100,000 retail stores accepting bitcoin, a total of 400,000 retail stores are expected to also accept btc over the coming months and years. When that happens the price of btc can only go up. Currently, less than one percent of one percent of the world’s population know about btc and its potential, and as Bix Weir explains in the video below, we are at the precipice of some rather significant changes coming to the way we trade online and the coming rise of cryptocurrencis to facilitate that trade. Readers should be aware that transacting btc with Japan-based wallets and exchanges are charged much higher fees for btc transactions.
Bitcoin: Clif High’s Latest Webbot HIT!! (Bix Weir)
Japan’s Bitpoint to Add Bitcoin Payments to 100,000+ Stores
By Kevin Helms
May 29, 2017
Japan’s Bitpoint to Add Bitcoin Payments to 100,000+ StoresPeach Aviation Ltd announced last week that it will be the first Japanese airline to accept bitcoin for tickets. Peach is Japan’s first Low-Cost Carrier (LCC) and is majority owned by the country’s largest airline, All Nippon Airways Co. Ltd (ANA).
To accept bitcoin, the low-cost airline has partnered with Bitpoint Japan Co, a bitcoin exchange and payments startup founded on March 3, 2016. In addition to allowing Peach to accept bitcoin for flight tickets, the companies are working together to add bitcoin Japan’s Bitpoint to Add Bitcoin Payments to 100,000+ Storespayment options to souvenir shops, restaurants, and hotels at travel destinations. Furthermore, “we will jointly install bitcoin ATMs where customers can withdraw cash from bitcoin,” their partnership agreement reveals.
On Monday, Bloomberg reported that Bitpoint is “planning to give hundreds of thousands of Japanese retail outlets the ability to accept the digital currency.” The company’s president, Genki Oda, said, “We’re holding discussions with a retail-related company,” adding that:
We’re also talking to a big convenience store operator about using it [bitcoin] … By going through a company providing payment terminal services to shops, we have the possibility of increasing its use at one stroke. It’s easier than talking to lots of individual retailers.
Japan’s Bitpoint to Add Bitcoin Payments to 100,000+ StoresBitpoint currently has ties with several retailers and plans to expand that number, Oda told the publication. The aim is to promote the use of bitcoin in retail stores instead of as a speculative investment, he detailed.
Oda also runs Bitpoint’s parent company, Remixpoint Inc., a publicly-traded conglomerate with a market value of about 21 billion yen ($189 million).
Please go to Bitcoin.com to read the entire article.
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