Japan to accept Bitcoin as payment method. - page 3.

babysweetTiger0401

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Quote from: Dimelord on March 30, 2017, 02:16:27 AM

the first japan bill containing virtual currencies is expected to come on april which recognizes bitcoin as a method of payment.Although,it doesnot define bitcoin as a legal currency,it is still considered as a remarkable progress for bitcoin in japan.Hope, most of tourists who would go to japan to see 2020 olympics would be able to pay in bitcoins.

Wow! that's really cool if that happen in 2020 olympics, and it is also good news for the bitcoin enthusiast that bitcoin was now already form as legal currency in some places in Japan, sound good to me actually.

ASHLIUSZ

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Quote from: tleilaxu_eyes on May 02, 2017, 09:03:56 PM

So that's why people are saying "Japan is buying lunch with BTC" in the troll box... That's good, Japan always had a mind for the future.

Weeks back itself this has come to effect in Japan. As a technology depending country to take lead in innovation once again Japan have made them stand high by accepting bitcoin as a currency for all necessity. This has caused a big growth in bitcoin network as majority of the country's population is aware of the currency and will start using in a short.

tleilaxu_eyes

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So that's why people are saying "Japan is buying lunch with BTC" in the troll box... That's good, Japan always had a mind for the future.

JENREM

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Quote from: jc89 on May 02, 2017, 01:22:01 PM

Quote from: BitcoinMarshal on May 02, 2017, 01:15:40 PM

Quote from: leonair on May 02, 2017, 10:52:02 AM

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable

I would say that that is just a contributor in the rapid increase of bitcoin's value and it is not the reason. The reason is the demand of bitcoin is quickly rising, thus making bitcoin's value to increase. Though Japan's move is a major trigger, still, for me, it is just a contributor (and by just a contributor, I mean a major contributor) for the soaring high of bitcoin value.

nice point @jc89.
true, this is just one of the reasons and not the main reason of why the bitcoin price sky rockets. like this about Japan and the review of the ETF. but for me i consider this as a major contributor that has been a huge impact in the increasing of bitcoins price. Japan has been implementing a lot of exchange and this just also increase the demand of bitcoin, that is why the price is getting higher and higher.

coin.trader

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Well as the blockchain is with so high fees I think this is not so important.

Whats important is that one of the most important countries in the world accepts a VIRTUAL coin Tongue

think about it

sobsitesearch

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Quote from: King Sastro on May 02, 2017, 07:40:33 PM

I think this is a good thing, bitcoin made by Japanese people and the Japanese Government should recognize and use the bitcoin as a form of appreciation to its discoverer.

Correct japan is now start accepting bitcoin as form of payment and we all know that country of japan is one of the best internet connection that is why it is not hassle to them by doing transaction online and i think it is very fast to confirmed their transactions.

King Sastro

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I think this is a good thing, bitcoin made by Japanese people and the Japanese Government should recognize and use the bitcoin as a form of appreciation to its discoverer.

Rahar02

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It seems like Japan as the first country that accepted bitcoin as a legal payment in their monetary system.
Furthermore, they have thousands merchants accepted bitcoin transaction. By this summer, 260,000 stores in Japan will accept bitcoin too.
However, not only japan which has an important role in bitcoin development, there are some other countries such as Netherlands, New Zealand, Russia, UK, USA, even though they don't legalized bitcoin yet. And first dedicated bitcoin bank has opened it heVienna, Austria. Which designed to purchase bitcoin easier and safer than other in-person options.

Glutinous Treat

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Would be nice to use in Jpn

leonair

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Quote from: AngelSky on May 02, 2017, 02:37:25 PM

Quote from: lionheart78 on May 02, 2017, 01:44:00 PM

Quote from: BitcoinMarshal on May 02, 2017, 01:15:40 PM

Quote from: leonair on May 02, 2017, 10:52:02 AM

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable

Yeah, Japan instead of charging taxes to consumption of Bitcoin, they even removed it encouraging people to flock in and buy Bitcoin. They even have special license for the company who wanted to take advantage of Bitcoin economy. According to this article, there are lots of big companies that are planning to join Bitcoin since they see that bitcoin is hot money since they believe many will see Bitcoin as an investment option.

It's a great information from bro. I am think bitcoin is adopted by Japan and implementing due to Satoshi only. There is leak information that Satoshi Nakamoto was born and live Japan. I feel that there is some comparison behind this.
After the this move by Japanese Government, Now Swiss banks also has been adopted bitcoin and implemented. Soon, we can expect more adoption over bitcoin other countries as well.

Yeah, I agree to this because satoshi nakamoto was a local of their own. And because of that they are so proud to adapt this kind of payment system to their country, no doubt about it. Salute to their government.

SaShiRaJaVu

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Quote from: jc89 on May 02, 2017, 01:22:01 PM

I would say that that is just a contributor in the rapid increase of bitcoin's value and it is not the reason. The reason is the demand of bitcoin is quickly rising, thus making bitcoin's value to increase. Though Japan's move is a major trigger, still, for me, it is just a contributor (and by just a contributor, I mean a major contributor) for the soaring high of bitcoin value.

Being a contributor that could affect the volume and demand to increase rapidly does mean that it is not a mere contributor for the price rise ,their decision has made some ripple in the price of bitcoin and that is the reason we are seeing the price of bitcoin breaking many records.

bitart

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Vires in Numeris

Well, at least, nobody can tell that they haven't done everything to accept every kind of payment from the tourists on the next summer Olympic games (Tokyo 2020)

They have 3 years to plan and implement everything, but they would need a stable bitcoin price if they want to use bitcoin for daily payment purposes. Also, if they start to use it regurarly in Japan, bitcoin needs to implement something to handle the increased quantity of the transactions...

salemon

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Quote from: AngelSky on May 02, 2017, 02:37:25 PM

Quote from: lionheart78 on May 02, 2017, 01:44:00 PM

Quote from: BitcoinMarshal on May 02, 2017, 01:15:40 PM

Quote from: leonair on May 02, 2017, 10:52:02 AM

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable

Yeah, Japan instead of charging taxes to consumption of Bitcoin, they even removed it encouraging people to flock in and buy Bitcoin. They even have special license for the company who wanted to take advantage of Bitcoin economy. According to this article, there are lots of big companies that are planning to join Bitcoin since they see that bitcoin is hot money since they believe many will see Bitcoin as an investment option.

It's a great information from bro. I am think bitcoin is adopted by Japan and implementing due to Satoshi only. There is leak information that Satoshi Nakamoto was born and live Japan. I feel that there is some comparison behind this.
After the this move by Japanese Government, Now Swiss banks also has been adopted bitcoin and implemented. Soon, we can expect more adoption over bitcoin other countries as well.

This information that is issued for a leak can be something other than a special information insertion. The fact that there has been a very strong buzz in Japan in Bitcoin circles is already known to everyone, but it's only necessary to take into account the fact that everything that happens in Japan comes from the government's submission, which should not be expected in other countries.

AngelSky

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Quote from: lionheart78 on May 02, 2017, 01:44:00 PM

Quote from: BitcoinMarshal on May 02, 2017, 01:15:40 PM

Quote from: leonair on May 02, 2017, 10:52:02 AM

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable

Yeah, Japan instead of charging taxes to consumption of Bitcoin, they even removed it encouraging people to flock in and buy Bitcoin. They even have special license for the company who wanted to take advantage of Bitcoin economy. According to this article, there are lots of big companies that are planning to join Bitcoin since they see that bitcoin is hot money since they believe many will see Bitcoin as an investment option.

It's a great information from bro. I am think bitcoin is adopted by Japan and implementing due to Satoshi only. There is leak information that Satoshi Nakamoto was born and live Japan. I feel that there is some comparison behind this.
After the this move by Japanese Government, Now Swiss banks also has been adopted bitcoin and implemented. Soon, we can expect more adoption over bitcoin other countries as well.

lionheart78

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Quote from: BitcoinMarshal on May 02, 2017, 01:15:40 PM

Quote from: leonair on May 02, 2017, 10:52:02 AM

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable

Yeah, Japan instead of charging taxes to consumption of Bitcoin, they even removed it encouraging people to flock in and buy Bitcoin. They even have special license for the company who wanted to take advantage of Bitcoin economy. According to this article, there are lots of big companies that are planning to join Bitcoin since they see that bitcoin is hot money since they believe many will see Bitcoin as an investment option.

hello_good_sir

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I am very happy to see that Japan has made a very good move, they decided to adopt bitcoin and to implement it as one of the legal options to make a payment in the store.
There are also a lot of different things that we can obtain through Japan: im sure there will be some countries that will follow their steps and also implement BTC as a legal asset available for payments in regular shops.

Mr.grin

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Well, japan is a country that has a very advanced technology. It would be nice if they had accepted a payment method like bitcoin, and maybe they would develop it for more advanced technology. I am sure, if this continues, it will be very much to use it, because japan is one of the places where the development of technology.

jc89

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Quote from: BitcoinMarshal on May 02, 2017, 01:15:40 PM

Quote from: leonair on May 02, 2017, 10:52:02 AM

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable

I would say that that is just a contributor in the rapid increase of bitcoin's value and it is not the reason. The reason is the demand of bitcoin is quickly rising, thus making bitcoin's value to increase. Though Japan's move is a major trigger, still, for me, it is just a contributor (and by just a contributor, I mean a major contributor) for the soaring high of bitcoin value.

BitcoinMarshal

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Quote from: leonair on May 02, 2017, 10:52:02 AM

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable

dmamigo

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Quote from: concept2 on May 02, 2017, 10:46:19 AM

Sure that they will. It will certainly open a new door to either bitcoin and cryptocurrency. I have heard that people try to accept BItcoin because they want to import the Ripple system to the bank. Well, hope that Bitcoin will soon appear all over the world

Acceptance as a payment method by Japan would surely poke other countries and make them think of doing the same. Atleast they will give a thought about it which will have a a good chance of it being accepted by other countries as well.
I hope Japan will do it because they already accepted it as legal to use it. So lets hope for the best.

Topic: Japan to accept Bitcoin as payment method. - page 3. (Read 16330 times)