Japan's Electronic Giant Bic Camera officially started accepting Bitcoin

Victorycoin

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Not only that shop, but up to 260K merchants could accept bitcoin according to Nikkei.com which is very great news for bitcoiner, especially those who live/visit Japan

Even now, the news say that 4.5K merchants already accept bitcoin which is far bigger number than merchants who accept bitcoin in most country.

Meanwhile, most of us are waiting bitcoin to be legalized and merchants accept bitcoin in our country Sad

It is interesting to note that while China is now seemibgly confused what to do with Bitcoin, Japan has encouraged businesses To adopt it. Japan is synonymous with technology and their take in Bitcoin is nothing but putting their money where their mouth is. At that, we can rest assured that many countries and companies will take a cue from Japanese companies.

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After the regulated acceptance of bitcoin in Japan one of the giant in electronic sector have made the move accepting bitcoin before other firms regulate the usage and acceptance.

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Quote from: Dimelord on April 11, 2017, 07:56:55 AM

Japan's consumer electronic retail giant Bic Camera has began to accept bitcoin payments on friday.

Japan have legalized the use of bitcoin as currency so this is not quite surprising. Don't know about this BIC camera haven't head about them before but if they are big merchants than it is good for all bitcoin holders.

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Quote from: ?? on ??

Not only that shop, but up to 260K merchants could accept bitcoin according to Nikkei.com which is very great news for bitcoiner, especially those who live/visit Japan

Even now, the news say that 4.5K merchants already accept bitcoin which is far bigger number than merchants who accept bitcoin in most country.

Meanwhile, most of us are waiting bitcoin to be legalized and merchants accept bitcoin in our country Sad

Yeah, I’m waiting too but since I have yet to meet another person that uses bitcoin in my country then I think I will have to wait for a lot of time before the thought of legalizing bitcoin even passes the head of those politicians, but I’m happy for our Japanese brothers.

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Quote from: Dimelord on April 11, 2017, 07:56:55 AM

Japan's consumer electronic retail giant Bic Camera has began to accept bitcoin payments on friday.The event has been covered by large number of media publications world wide.Interestingly,banners of bitcoin were found in the event every where.Bitcoin,Bitcoin,Bitcoin.Its nice to see.Here is the link below.
https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin

Cool, I need to find a way to make myself richer enough to go and live in Japan, it seems the Japanese have decided to adopt bitcoin instead of trying to ban it, which is a wise choice, and makes any attempt of a ban on bitcoin non workable since bitcoin users could just move to Japan.

clickerz

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Another welcome news about bitcoin but it is maybe in accordance to in support of Japans new law about bitcoin.I am expecting more establishment will follow suit since it is legal already in Japan to use this crypto.

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Quote from: Dimelord on April 11, 2017, 07:56:55 AM

Japan's consumer electronic retail giant Bic Camera has began to accept bitcoin payments on friday.The event has been covered by large number of media publications world wide.Interestingly,banners of bitcoin were found in the event every where.Bitcoin,Bitcoin,Bitcoin.Its nice to see.Here is the link below.
https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin

Japan is clearly utilizing bitcoin's capability. With this huge adaption of bitcoin, no doubt that Japan will lead the world in terms of utilizing bitcoin to its full potential. The news was a great news and surely, it will greatly impact bitcoin in a positive way. That, for me, is just the beginning. More and more great news will be reported about the usage of bitcoin. Let's just wait and bitcoin will surely get the popularity it deserves

MWesterweele

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Quote from: Dimelord on April 11, 2017, 07:56:55 AM

Japan's consumer electronic retail giant Bic Camera has began to accept bitcoin payments on friday.The event has been covered by large number of media publications world wide.Interestingly,banners of bitcoin were found in the event every where.Bitcoin,Bitcoin,Bitcoin.Its nice to see.Here is the link below.
https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin

It is very nice to hear that. I hope that someday it will be in other countries or in the whole world also especially to those big companies in the market not. It is a very wonderful news today.

Yuuto

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Quote from: Dimelord on April 11, 2017, 07:56:55 AM

Japan's consumer electronic retail giant Bic Camera has began to accept bitcoin payments on friday.The event has been covered by large number of media publications world wide.Interestingly,banners of bitcoin were found in the event every where.Bitcoin,Bitcoin,Bitcoin.Its nice to see.Here is the link below.
https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin

Well, it is not a big surprise for me that Bic Camera will accept bitcoin payments so fast, because it was obvious that the online stores/shops will implement this before the others.
It is also not a surprise that the company from the electronic branch of the market is one of the first that will make a good change.
They are probably more into bitcoin, and Im sure that some of their team were already involved in bitcoin, if not cryptocurrencies.

More noise about bitcoin and cryptocurrencies overall, will bring us even more popularity to this world, and the price of BTC may also rise due to less supply and bigger demand.
I hope that other goverments will follow the steps of Japan, to make BTC one of the regular payment methods, it will be an advantage for everybody, right?

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Quote from: jacafbiz on April 12, 2017, 08:44:42 AM

I think this is a big media coverage for Bitcoin but I just don't understand how they want to deal with the transaction fee and the slow transaction. It is getting frustrating using Bitcoin recently even with high transaction fee

to me it only looks like people on bitcointalk have problem with transaction fee and talk about the confirmation time nonstop.
in real world, based on what i have been seeing nobody seems to have any trouble or even thinks about it as a problem. and they are happily using bitcoin as a currency!

jacafbiz

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I think this is a big media coverage for Bitcoin but I just don't understand how they want to deal with the transaction fee and the slow transaction. It is getting frustrating using Bitcoin recently even with high transaction fee

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Japan is a country that is a pioneer in technology and innovation. Therefore, I believe that the Japanese and especially the young ones, will embrace the possibility of payment by bitcoin. The most important thing in the future the Japanese tourists going abroad will require from stores to pay with bitcoin. That means at first the big stores as well as the stores for tourists will be bitcoin friendly in order not only to maintain but to increase their sales.

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Quote from: Dimelord on April 11, 2017, 07:56:55 AM

Japan's consumer electronic retail giant Bic Camera has began to accept bitcoin payments on friday.The event has been covered by large number of media publications world wide.Interestingly,banners of bitcoin were found in the event every where.Bitcoin,Bitcoin,Bitcoin.Its nice to see.Here is the link below.
https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin

That’s awesome. I hope that starts happening in other countries and for companies that are even more popular than Bic Camera. Still great news though.

Reading the article it looks like it was a hit in Japan when they announced it. I wonder if the price of the products changes to reflect the rise or fall in price of bitcoin. Otherwise someone could get a pretty good discount on a product by buying bitcoin when it was only 930 and buying the camera with the bitcoin when the price rose again to 1250.

Kprawn

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I saw something that made me very positive about this.... They introduced Bitcoin to people by giving them discounts on items when they paid

with bitcoins and in my opinion this is the best way to introduce people to the currency. You have to give them some sort of incentive to chose

bitcoins over other payment options or they will not opt to pay with Bitcoin. Sad

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This is a nice development from the Japanese Electronic company this will open up bitcoin acceptability by other companies around the world, this will make easier for a company to accept payment from a wallet for their goods and easy transactions. indeed it is a welcome development.

BrewMaster

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I have always said Japanese have always been one of the biggest pioneers in technologies. and now with bitcoin they have taken it to the next level. soon there will be lots more to come and other countries will be left behind.

i wonder at what point can we start calling Japan as a bitcoin safe haven.

I would also love to see some report of the usage of bitcoin by people (like number of bitcoin users) in a month or two from now.

MadGamer

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I'm more optimistic then ever when It comes to bitcoin future at this point, Japan regulated bitcoin and they consider it as a real payment method now, this should make people feel more secure and confident knowing that what ever happened to Mt.gox in the past won't happen again and encourage companies and individuals to start using it.

Dimelord

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Japan's consumer electronic retail giant Bic Camera has began to accept bitcoin payments on friday.The event has been covered by large number of media publications world wide.Interestingly,banners of bitcoin were found in the event every where.Bitcoin,Bitcoin,Bitcoin.Its nice to see.Here is the link below.
https://news.bitcoin.com/japan-bic-camera-starts-accepting-bitcoin

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