Japanese Ticket Camp To Roll Forward Bitcoin Powered Ticket Industry
Ticket Camp, a premier customer-to-customer (C2C) ticket exchange marketplace in Japan have made the public announcement of being the front runner in the sphere of accepting Bitcoin as a payment means for issuing tickets in Japanese ticket industry. The two year old site having approximately 5 million users has a monthly jaw dropping turnover of 5.8 billion yen. The site registered 15007 ratings on Apple’s iTunes with an average of 4.5 stars whereas 7008 ratings having an average of 4 stars each are registered in Google Play Store. This service has been put in action from August 17 onwards.
Also Read: Bitcoin adoption increases in Japan
Hunza Co. Ltd, the wholly owned subsidiary under the wing of Mixi Group looks after the market operations of Ticket Camp with the vision of bringing forward web services which has the power to set milestones for the whole world to follow.
In line with Stubhub, an online ticket exchange in U.S., the Japanese Ticket Camp also allows users to engage in buying, selling and requesting of event tickets in between contemporaries. As per the details revealed by Mixi Group, prices in the marketplace are to be determined by sellers. Ticket Camp in addition makes use of an escrow system wherein Hunza holds the payment till buyers receive the tickets thus ensuring optimum safety and security in associated transactions.
No registration or membership fees is charged by the website. However 13% transaction fee cashes in regular earnings for Ticket Camp. The website also boosts about its one minute superfast registration process making it all the more hassle free for users on the go.
Coincheck, one of the largest bitcoin exchanges in Japan has been given the task of looking after the bitcoin payment processing of Ticket Camp. Coincheck holds the record of already having signed up more than 5000 merchants from all over Japan to get into the digital currency bandwagon. The merchant paying processor supports payment roll out option at around 260000 stores all across the Japan periphery. These stores are making use of an payment app developed by Recruit Lifestyle which has established a partnership with Coincheck. 334 Meganesuper eyeglasses store have already showed green signal to accepting payments via Bitcoin medium using this application. Customers using digital currency wallets like Coincheck can proceed with the payment by scanning the QR code at the checkout portal. Apart from Bitcoin the other payment modes include mobile payment, Apple Pay, credit cards and Pay-easy.
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