Cryptocurrency News

Japan’s railway operator (JR Group) adds cryptocurrency payment options for its users

Japan’s main underpass and railway worker, the Japan Railways Group (JR Group), is allegedly observing to enhance cryptocurrency payment options for its operators so that it can see millions of Japanese people where they would make use of cryptocurrency to pay for conveyance.

As per the normal commercial news net, the JR Group could establish crypto expense choices via a corporation with the main bank, that might also see it presentation a cryptocurrency business, supposed to be an exchange.

The new scheme wanted to see JR Group customers to high up their Suica reimbursement cards prepaid e-money cards that let the customers pay for both services and goods in Japan with crypto.

Information unconfined by the business stated that, as of March 2019, many of such cards were delivered. As per the Cointelegraph Japan, the cryptocurrency exchange can be called as Decurret, and has previously been approved by Japan’s Financial Services Agency (FSA) to function in the nation. It can begin interchange on April 15, with bitcoin cash, bitcoin, XRP and litecoin trading pairs. Dicaret was recognized and started in January 2018, subsidized by 19 national corporations led by the Internet Initiative. It was listed as a virtual currency exchange corporation with the Financial Services Agency with Rakuten Wallet in March 2019. In spite of the slow bear market that took place in 2018, which saw the cryptocurrency system to lose more than 90 percent of its value, Japan’s crypto scene still has not stopped increasing. The new and fresh system would see JR Group patrons to top up their Suica payment cards – prepaid e-money cards that allow them to pay for both goods and services in Japan – with cryptocurrencies

Masanari Matsumoto, Bic Camera’s PR, and IR Chief stated that:

When Bic Camera first installed the Bitcoin payment system in its stores, we expected that the customers paying in Bitcoin would mostly be foreigners. We noticed that Bitcoin was becoming very popular. Then the government announced that Bitcoin was officially legal, Agency with Rakuten Wallet in March 2019and we finally felt more comfortable introducing Bitcoin as a method of payment in our stores. Bic Camera always aims at responding to its customers’ demands, and there was a huge demand at the time.

The important opinion is the collaboration with current sum services known as SUICA. By partnership with the current payment services, Mr. Tokita said as follows he feels that those who rummage-sale computer-generated currency in 2017 but who quit because of falling prices will think “I’ll try again”.

“There is a way of penetration in the form of things that are safer, Bic Camera always aims at responding to its customers’ demands, and there was a huge demand at the time. With more and more types of currency, and gradually become familiar things. If you are doing (virtual currency) now, freezing assets and trading The people who quit the institution also say, “A little (the time has changed).”

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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