Japanese Car Dealer Accepts Bitcoin Payments Up to $1 Million

A Luxury Car Dealer In Japan Is Accepting Bitcoin Payments Up to $1 Million

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  • A luxury car dealer in Japan now accepts payments in Bitcoin up to $1 Million.
  • Customer must make payment through the bitFlyer’s mobile wallet app.  

Japan: A luxury car dealer in Japan, L’Operaio, partners with bitFlyer – the largest crypto exchange in Japan, to enable its customers to buy cars using Bitcoin. bitFlyer will offer the necessary tech needed to enable L’Operaio to accept payments in bitcoin from customers.

bitFlyer indicated that customers would have to use the bitFlyer’s mobile wallet app, which can be download either in iOS version or Android version, in order to buy car up to 100 mln Yen, or below $1 mln, using the most prominent and popular cryptocurrency in the world – Bitcoin.

Also read: Singapore Launches Blockchain Challenge with Funding Prizes

According to bitFlyer, the payment settlement would be completed within only a “few seconds”. Prior to L’Operaio’s acceptance of Bitcoin, 3 different stores in Tokyo – Aoyama, Nerima, and Setagaya – have been accepting bitcoin with plans to move this feature to other showrooms in the near future.

Last year, bitFlyer cryptocurrency exchange had already partnered with Bic Camera, a domestic electronic retail giant, to allow payments in bitcoin after a successful trial. This seems to be the latest development in Japan, as Yamada Denki, one of the largest electronics retailers in Japan has also accepted payment in bitcoin through the bitFlyer’s point-of-sale payments structure.

bitFlyer, which has all three megabanks in Japan as investors, is also providing its branded blockchain ‘miyabi’ to run a viability test on the possibility of domestic money transfers using the blockchain technology.

What do you think about the acceptance of Bitcoin as payment methods in Japan? Tell us in the comment box.

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