Bitcoin Is a Huge Part of Japanese People's Life

January 19, 2018

Bitcoin Is a Huge Part of Japanese People's Life

Growth of Bitcoin trading volume in Japan has not slowed down ever since the cryptocurrency was recognized as a legal payment method. At the moment, Japan is ahead of the United States by this measure. There are no fees at Japanese Bitcoin markets and $2.5 million crypto investment fund Fisco will be launched soon. 

It is fair to say that integration of cryptocurrencies in everyday life of ordinary Japanese people is increasing. Hundreds of companies accept cryptocurrency as a method of payment, and a local Internet giant GMO will provide its employees with the opportunity to receive salary in Bitcoin.

Moreover, Japanese commercial banks have decided to issue national cryptocurrency called J Coin timed its appearance to coincide with the 2020 Olympics in Tokyo. 

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