Department Store Operator Begins Testing Bitcoin Payments in Japan


An outlet store chain has actually ended up being the most recent mainstream merchant in Japan to accept bitcoin payments.

Incollaboration with cryptocurrency exchange bitFlyer, Tokyo- based Marui is testing bitcoin payments at one of its areas inShinjuku During the trial, which runs through October 31, it will set a cap of ¥100,000(about $900) on bitcoin deals.

Thestatement is noteworthy as Marui runs a number of department stores throughout Tokyo andKyoto Further, it comes at a time when merchants in Japanare revealing an increasing interest in accepting cryptocurrency– one that discovers them out of action with their peers globally.

Whilenews of mainstream merchants accepting bitcoin in the United States and Europe has actually mainly decreased, Marui’s choice follows one made previously this year by electronic devices seller Bic Camera, which started a comparable pilot, likewise in combination with bitFlyer.

Biceventually relocated to present bitcoin payments to its other shops, mentioning the appeal of the choice amongst clients.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in bitFlyer.

Marui storefrontimage by means of TK Kurikawa/Shutterstock

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