Japanese Airline Accepts Bitcoin As Cryptocurrency Fever Spreads Across the Region

in bitcoin •  7 years ago 

Bitcoin is surging in Japan in
regards to popularity and
trade volume, since the
country legitimized the digital
currency as a legal form of
payment this past April. Now
one of Japan’s largest
discount airline providers
Peach Aviation Ltd. has
announced it will be the first
Japanese service to accept
bitcoin for airline tickets.
Japanese Airline Service
Peach Aviation Will Soon be
Accepting Bitcoin for Flights
Japanese Airline Accepts
Bitcoin As Cryptocurrency
Fever Spreads Across the
Region Headquartered in
Osaka Japan, Peach Aviation
is a well known Japanese air
carrier service offering low-
cost air travel since 2011.
The company stated that
bitcoin will be accepted for
flights and services at some
point towards the end of

  1. Peach said the recent
    law change regarding the
    digital currency had bolstered
    the business move. According
    to reports Peach also plans
    to introduce bitcoin to other
    partner companies and local
    governments.
    Bitcoin Fever Takes Hold in
    Japan
    The news of Peach Aviation
    accepting bitcoin follows
    other merchants in the region
    accepting bitcoin like the
    company Bic Camera.
    Furthermore, the
    announcement comes at a
    time where Japanese bitcoin
    trade volumes and price
    spreads have been through
    the roof.
    According to Charles Hayter
    of the bitcoin data and
    analysis website
    Cryptocompare at the
    moment in Japan, “USD-BTC
    markets are trading at $2100
    whilst the JPY-BTC pair is
    trading at the equivalent of
    $2500.” Over the course of
    the past 32 hours, the
    decentralized currency has
    been trading at a 19 percent
    premium, and Hayter says it
    is due to “Bitcoin fever taking
    hold.”
    The country has taken the
    spotlight in overall global BTC
    volume as Japanese volumes
    are 42-50% of trading with
    132k BTC volume or $300
    million per day, explains the
    Cryptocompare founder.
    Hayter describes the current
    trading environment in Japan
    stating;
    The Japanese have caught
    the Bitcoin bug and
    inefficiencies across markets
    are being exposed. Irrational
    exuberance is taking hold as
    the Japanese stumble over
    each other to enter the
    Bitcoin market and drag up
    international prices.
    Now Bitcoin Enthusiasts Can
    Fly to 22 Destinations Across
    Asia Using Bitcoin
    The Japanese Peach Aviation
    will join other global airline
    services that accept bitcoin
    for flight tickets like the
    Latvian airline, Airbaltic, LOT
    Polish Airlines, and more.
    Alongside this, bitcoin
    businesses like Coincheck
    and Bitflyer aim to sign up
    thousands more Japanese
    merchants this summer. As
    bitcoin fever takes hold in the
    country, Japanese residents
    from the region and
    international travelers will be
    pleased to know they can fly
    to over 22 destinations
    across Asia utilizing bitcoin
    as a form of payment.%E6%AF%94%E7%89%B9%E5%B8%81%E6%94%AF%E4%BB%98-2.png
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