Recently it was announced that Japan's famous "electric city" Akihabara, would start accepting Bitcoin.
As more and more stores in the area are starting to accept Bitcoin, Akihabara decided it was time they joined the party.
This is very big news.
If you are not familiar with Akihabara, more can be read about it here:
https://en.wikipedia.org/wiki/Akihabara
Basically, Akihabara is a marketplace that is home to a large number of shops that sell all things electronics. From computers, to household appliances, to entertainment centers and gaming systems. If it's some form of electronic entertainment, you can likely find it here.
The area is particularly popular with the younger gaming crowd as well as the tech enthusiasts. It's a major shopping center for many.
Akihabara decided it's time to get with the times.
The market place has been very popular with the locals as well as tourists. As you might expect from a place like this, there has been a major push to integrate the latest high-tech currencies as a form of payment.
Which is where Bitcoin comes in.
So far, Bitcoin acceptance hasn't rolled out into all the stores in the market place, but many are starting to accept Bitcoin and as it gains traction at those stores I would imagine the others will follow suit.
It is no surprise that tech stores would be among the first to accept the latest and most technologically advanced form of payments.
BIC Camera has been one of the earliest adopters of Bitcoin as a form of payments and they just opened a shop in Akihabara. Ark Computer Store as well as Monacoin also accept Bitcoin.
However, it's not just electronic stores...
In fact some of the largest adopters are not technology stores or companies at all.
Recruitment Lifestyle recently announced that they will be accepting Bitcoin in all of their 260,000 stores. They are one of the larger retail stores in the country.
Property management firm Dualtrap also announced that they will accept Bitcoin. Even some restaurants such as Au Tokyoite are also accepting Bitcoin.
Coincheck has been the leader for facilitating many of the Bitcoin transactions from the customers to the stores that are accepting it as a form of payment.
More about Coincheck can be read here:
https://en.wikipedia.org/wiki/Coincheck
Basically, Coincheck is a Bitcoin wallet and exchange service located in Tokyo that can convert Bitcoin/Ether into local fiat currencies.
Bitcoin's use cases are skyrocketing in Japan.
This has been mentioned by myself and many others many times on here (and just about every other place online that talks about cryptocurrency), but real world use cases really are increasing rapidly in Japan. As it gains a footing there I would fully expect it to spill over into the surrounding countries.
It is very possible that their early adopter mindset is what helps nudge many others in the same direction.
Japan could be who we are thanking several years down the line as Bitcoin is trading for many multiples of where it is today.
Stay informed my friends!
Sources:
https://en.wikipedia.org/wiki/Akihabara
https://cointelegraph.com/news/japans-electronics-marketplace-starts-adopting-bitcoin
https://en.wikipedia.org/wiki/Coincheck
Image Sources:
https://en.wikipedia.org/wiki/Akihabara
http://coinpedia.net/bitcoin-news/6-ways-spend-bitcoin-around-world/
Follow me: @jrcornel
and Japan no bitcoin tax ^_^
https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/
Bitcoin is showing great results in terms of market capitalization and is only going to strengthen it's positions because of growth in demand for cryptocurrencies in developed countries.
AND Its Happening! :)
it is, 260,000 stores in japan are going to start accepting cryptocurrency this summer, this market has had so much exposure from countries,financial institutions and big corporations and celebrities, and the mainstream media i think after this drop we are going to be on a bull run!
I hope they hurry up with the implementation so bitcoin can get over the $3k hump.
Don't sell your bitcoin at a loss people. Keep holding, there's only 21 million that will ever exist but 7+ billion people in the world! I only have .55 Bitcoin pretty crazy to think how much that is in relation to the world population.
I totally agree :)
Asi es, buenisima recomendación!
when u sell it at a loss, it will completely a loss. if you don't sell it, it will be a huge profit ...
Im ready to ride this bitcoin BULLLL... Every country should look at Japan as an example.
That means Bitcoin will go-up, and the same will happen for all cryptocurrency as well steem too @jrcornel
This comment has received a 0.14 % upvote from @booster thanks to: @hamzaoui.
taihen na koto da!
This is so cool to see. Other countries need to take note and get on it...
These are great things... Crypto Mania is just getting started!
Now we just need SEGA to come out with a new console and accept Bitcoin, Litecoin, Monero, Steem....etc for it!
Did you see that second picture is of a Sega Arcade in Akihabara? :)
damn! Japan just beat us from the title "BTC capital of the world but very much appreciated because it made BTC and the other crypto currency stronger ..Cheers to more countries to go adopting BTC in store payments!
Yep! Saw it and that is what made me think of my favorite consoles of all time. The Genesis and the Dreamcast!
Japan is an innovative and open to cryptos unlike USA that wanna bankrupt and control its citizens dealing on Bitcoin
Well, Akihabara has opened the ways to Bitcoin. Before Akihabara bitcoin was not officially accepted in city markets. But now bitcoin has been accepted in the marketplaces, actually one the biggest market place in Japan. So I guess this news will be a hige motivating factor for Bitcoin pricing. May be in a day or two, we can see the effect of this news on crypto pricing.
But on a good note, people has started accepting bitcoins openly and willingly. Crypto's are really a revolutionary way to deal with transactional irregularities and some intrinsic problems.
May be soon enough, Bitcoin will be legalized in every country.
Thanks @jrcornel for sharing this update.
i think ripple and dash will be the better choices for mass adoption, because they were built for scalable uses, thats why bitcoin transactions are slow
Great article! The future looks bright. I just wrote an article on a similar topic and mentioned your great post there.
Great news!!!! Looking at Japan is like looking at the future!! Oh what a lovely view it is...
Bitcoin is the best investment! He has beaten investments in shares, bonds, and including gold.
Upvote, Follow and Resteemed!
Sweet ending. "Japan could be who we are thanking several years down the line as Bitcoin is trading for many multiples of where it is today. " Arigato Nijon! Peace and love. upvoted and followed.
Bitcoin is looking unstoppable
Bitcoin is not the only adoption to being looking at in Japan, coins such as NEM and FACTOM will also pave the way for adoption of cryptocurrencies and blockchains in Japan.
We'll likely see bitcoin being accepted at a consumer level for payments, while Factom works on an enterprise level to solve its respective niche use case, and hopefully one day we'll see NEM being used by banks.
i wish to bitcoin take over world economy and banking system convert into blockchain system. forex and stock market would be depend on bitcoin instead usd.
I like it follow me back
Wow nice photo
Good news in this bloody day
The world seeks for the best!
So will it finally go back to $3000? I hope so xd
Great to know and i do agree with you the more countries start to accept Bitcoin the bigger the demand for Bitcoin and the price will reflect that to :-)
The future is already here! Thanks for your post!
hi! steemian's, i like your post! Upvote and follow me. thanks!
eastern countries are leading crypto coin integration
This is a great update. Cryptocurrency is here to stay. Thanks for sharing.
Thanks for sharing the real world use cases. They will be a driver for increased prices.
STEEM On!!
Exciting times ahead as Bitcoin becomes more mainstream... great news! Thanks for sharing!
Japan is the land of the rising cryptosun! They are technologically very advanced people! Hai!
good step ahead! cheers for the great news :)
How exciting!! Great news. Very informative post. Steemits future looks very promising. You have a new follower and vote :)
After Japan, hopefully EU will be reasonable enough to slowly follow the same route.
Why should I not accept cryptocurrency in my business? I am a freelance translator?
wahhh that's awesome
Wow! I love Japan! I can't wait to visit the country hopefully next year!
Although I am not a Japanese citizen. However, the information you provide is unfortunate to pass without reading. thank you very much for the information.
Is a good example, I wonder who will be the first in Europe? In Uk you can pay coffee and buy few stuff but still small
I'm glad to hear that japan is adopting it thanks a lot for sharing and keep on posting ;)
Bitcoin is really the future currency which people should not toy with
Good news! Thanks, @jrcornel...
Gettin' with tbe times baby!
Japan is basically the next frontier in bitcoin adoption, even better than USA. I wish them all the best and I hope USA and the entire world will follow Japan's example. Lets make us of BTC to make our lives easier. Thanks for sharing :)
waiting patiently for it to cross $3000 again and even higher .. : )
People love bitcoin because it's going to succeed! People hate bitcoin because it's going to succeed!