The problem now is how will those shops encourage bitcoiners to spend their coins?
The Japanese Government accepted Bitcoin as legitimate mode of payment on April 1. 2017. Soon after, numerous Japanese corporations began to consider accepting this crypto currency. The first enterprise to adopt this move was electronic retail giant Bic Camera. It teamed up with Bitflyer, the biggest BTC exchange according to volume, in accepting Bitcoin. That same month, Coincheck Exchange also disclosed it was working with a company called Recruit Lifestyle to facilitate BTC payments in some 26, 000 shops. According to Coincheck, around 5, 000 shops accepted the crypto currency utilizing its payment platform. Chief Financial Officer Midori Kanemitsu revealed to an Asian publication that shops using BTC will increase to 300, 000 before year-end.
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