Bitcoin,  the world’s first decentralized cryptocurrency, which was introduced in 2009, is gaining wider use as a way to pay for goods and services. It is also allowing people to transact without rhe interference from governments, regulators,central banks or any other intermediary.

->Since Japan has recognized Bitcoin as legal tender, it’s adoption is increasing day by day. Bic Camera Inc., one of the Japan’s biggest electronics retailers, started accepting Bitcoins at two stores in Tokyo.

->Restaurant booking site Gurunavi Inc. will start letting diners pay with Bitcoins later this year, the Nikkei newspaper reported

->Peach Airways, a low budgeted Japanese airlines also announced that it will start accepting Bitcoins from December.

Bitcoin usage may increase in Japan

Now, the latest news that came in is, BitPoint Japan Co., is in planning to provide a platform to thousand of Japanese retail outlets through which they can accept the virtual currency.

BITPoint operates as a Bitcoin exchange, and is  promoting the use of the cryptocurrency in stores and other retail outlets, instead of just as a speculative instrument to earn money. The company currently has collaborated with tens of retailers and plans to expand that number

BITPoint also supported Peach Aviations to let travelers use Bitcoin to pay for flight tickets.

Genki Oda, BITPoint’s president said in an interview, “We’re holding discussions with a retail-related company.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.”

Not only in Japan, but Bitcoin’s adoption as a mode of payment is increasing globally. Various other companies are accepting Bitcoins in form of payemnts

KryptoMoney.com posted an article recently in which an executive director of a wealth advisory firm mentioined that Bitcoin is not just an investment, it is more than that. Various applied case of Bitcoin usage around the globe was discussed in the article. Read the article.

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Also read:

Russia may recognize Bitcoin as a Digital Asset and tax accordingly.

 

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