Bitcoin as a payment option. They already have a network of merchants and to enable Bitcoin payment as a added service, will
immediately open up a whole network of new merchants.
Topic: [2017-02-02]20 000 merchants accepting Bitcoin in Japan (Read 300 times)
The best way for Bitcoin to quickly get merchants to accept Bitcoin {even if it is not real adoption} is for Payment processors to offer
Bitcoin as a payment option. They already have a network of merchants and to enable Bitcoin payment as a added service, will
immediately open up a whole network of new merchants.
Bitcoin as a payment option. They already have a network of merchants and to enable Bitcoin payment as a added service, will
immediately open up a whole network of new merchants.
Payment processors can play a good role in increasing bitcoin adoption, but the key feature of Bitcoin is to cut out the middle men in transfer of value. If you replace a bank by a payment processor, it really doesn't help.
You can't really blame merchants to accept Bitcoin through a payment processor (or whatever other entity) due to the volatility that Bitcoin is known for. They can't afford accepting Bitcoin directly, where they sell something for $1000 where after that the value of this transaction sinks to $920 for example. You could say that they should keep holding their coins till the price goes up again, but it doesn't work like that for merchants. Other than that, I see these kind of articles pop up from time to time, but I never see any mention of statistics of usage. It would be nice to see whether or not Bitcoin as payment option gets used a lot, or just barely.
Wow. No wonder that bitcoin is really famous there. Looking at the future. I think Japan will be one of the biggest bitcoin player. Because the growth of bitcoin there is really amazing. If that 20,000 merchants accepts bitcoin. Thats a huge developments for bitcoin. Sad to say, here in my country. We doesn't have much choice where we can spend our btc because only few shops and establishment are accepting bitcoin.
Japanese merchants accept Bitcoin. The land of Rising Sun is planning to attract more than 20 000 merchants. According to bitcoin payment system ResuPress (RisurEs), the number of trading platforms accepting Bitcoin will increase in 2017. Through a partnership with E-net Systems Co an energy company in Japan, ResuPress has already enabled Japanese users to pay their electricity bills with the cryptocurrency.
You can read and watch more news here: https://coinidol.com/koles-coin-news-digest-feb-2/
You can read and watch more news here: https://coinidol.com/koles-coin-news-digest-feb-2/
Payment processors can play a good role in increasing bitcoin adoption, but the key feature of Bitcoin is to cut out the middle men in transfer of value. If you replace a bank by a payment processor, it really doesn't help.
Japanese merchants accept Bitcoin. The land of Rising Sun is planning to attract more than 20 000 merchants. According to bitcoin payment system ResuPress (RisurEs), the number of trading platforms accepting Bitcoin will increase in 2017. Through a partnership with E-net Systems Co an energy company in Japan, ResuPress has already enabled Japanese users to pay their electricity bills with the cryptocurrency.
You can read and watch more news here: https://coinidol.com/koles-coin-news-digest-feb-2/
You can read and watch more news here: https://coinidol.com/koles-coin-news-digest-feb-2/
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