Japanese Electronic Retailer Is Accepting Bitcoin
January 29, 2018
One of the largest Japanese electronics retailers Yamada Denki has entered into a partnership agreement with a cryptocurrency exchange bitFlyer to create bitcoin payment services in stores of the company.
According to a press-release, these services were launched in two stores this weekend: the first one is located in Shinjuku, a special district of Tokyo, which is the main administrative and commercial center of the prefecture and attracts a huge number of foreigners, and the second one is located in one of the main business districts of Tokyo.
Yamada Denki stated in a press-release:
"In addition to diversifying [our services], we will implement initiatives to improve bitcoin recognition and usage promotion. <...> We believe that we can provide improved service and convenience."
However, there is a one restriction for payments with BTC: a settlement limit of ¥300 thousand ($2,760).
Japan is the world's largest cryptocurrency market, and Bitcoin has