The next wave of Bitcoin adoption in Japan?

in cryptocurrency •  7 years ago  (edited)

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

cryptocurrency bitcoin beyondbitcoin steem adoption
7 years ago by

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    • [-]
      ·  7 years ago 

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    [-]
      ·  7 years ago 

    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.

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    [-]
      ·  7 years ago 

    AND Its Happening! :)

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    [-]
      ·  7 years ago 

    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!

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      [-]
        ·  7 years ago (edited)

      I hope they hurry up with the implementation so bitcoin can get over the $3k hump.

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      [-]
        ·  7 years ago 

      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.

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      [-]
        ·  7 years ago 

      I totally agree :)

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      [-]
        ·  7 years ago 

      Asi es, buenisima recomendación!

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        1 vote
        [-]
          ·  7 years ago 

        when u sell it at a loss, it will completely a loss. if you don't sell it, it will be a huge profit ...

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          [-]
            ·  7 years ago 

          Im ready to ride this bitcoin BULLLL... Every country should look at Japan as an example.

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          [-]
            ·  7 years ago 

          That means Bitcoin will go-up, and the same will happen for all cryptocurrency as well steem too @jrcornel

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          [-]
            ·  7 years ago 

          This comment has received a 0.14 % upvote from @booster thanks to: @hamzaoui.

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            [-]
              ·  7 years ago 

            taihen na koto da!

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            [-]
              ·  7 years ago 

            This is so cool to see. Other countries need to take note and get on it...

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            [-]
              ·  7 years ago 

            These are great things... Crypto Mania is just getting started!

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            [-]
              ·  7 years ago 

            Now we just need SEGA to come out with a new console and accept Bitcoin, Litecoin, Monero, Steem....etc for it!

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            [-]
              ·  7 years ago 

            Did you see that second picture is of a Sega Arcade in Akihabara? :)

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              [-]
                ·  7 years ago 

              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!

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              [-]
                ·  7 years ago 

              Yep! Saw it and that is what made me think of my favorite consoles of all time. The Genesis and the Dreamcast!

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                [-]
                  ·  7 years ago 

                Japan is an innovative and open to cryptos unlike USA that wanna bankrupt and control its citizens dealing on Bitcoin

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                [-]
                  ·  7 years ago 

                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.

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                  2 votes
                  [-]
                    ·  7 years ago 

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                    Reveal Comment
                    [-]
                      ·  7 years ago 

                    Ooohh, shiny!

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                      [-]
                        ·  7 years ago 

                      because bitcoin is a great idea and invention

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                        [-]
                          ·  7 years ago 

                        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

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                          1 vote
                          [-]
                            ·  7 years ago 

                          Great article! The future looks bright. I just wrote an article on a similar topic and mentioned your great post there.

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                            [-]
                              ·  7 years ago 

                            Great news!!!! Looking at Japan is like looking at the future!! Oh what a lovely view it is...

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                              [-]
                                ·  7 years ago (edited)

                              Bitcoin is the best investment! He has beaten investments in shares, bonds, and including gold.
                              Upvote, Follow and Resteemed!

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                                [-]
                                  ·  7 years ago (edited)

                                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.

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                                  [-]
                                    ·  7 years ago 

                                  Bitcoin is looking unstoppable

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                                    [-]
                                      ·  7 years ago (edited)

                                    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.

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                                      [-]
                                        ·  7 years ago 

                                      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.

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                                        [-]
                                          ·  7 years ago 

                                        I like it follow me back

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                                          [-]
                                            ·  7 years ago 

                                          Wow nice photo

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                                            [-]
                                              ·  7 years ago 

                                            After Japan, hopefully EU will be reasonable enough to slowly follow the same route.

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                                              [-]
                                                ·  7 years ago 

                                              Why should I not accept cryptocurrency in my business? I am a freelance translator?

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                                                [-]
                                                  ·  7 years ago 

                                                wahhh that's awesome

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                                                  [-]
                                                    ·  7 years ago 

                                                  Wow! I love Japan! I can't wait to visit the country hopefully next year!

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                                                    [-]
                                                      ·  7 years ago 

                                                    eastern countries are leading crypto coin integration

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                                                      [-]
                                                        ·  7 years ago 

                                                      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.

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                                                        [-]
                                                          ·  7 years ago 

                                                        This is a great update. Cryptocurrency is here to stay. Thanks for sharing.

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                                                          [-]
                                                            ·  7 years ago 

                                                          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

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                                                            [-]
                                                              ·  7 years ago 

                                                            I'm glad to hear that japan is adopting it thanks a lot for sharing and keep on posting ;)

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                                                                ·  7 years ago 

                                                              Thanks for sharing the real world use cases. They will be a driver for increased prices.

                                                              STEEM On!!

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                                                                [-]
                                                                  ·  7 years ago 

                                                                Bitcoin is really the future currency which people should not toy with

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                                                                  [-]
                                                                    ·  7 years ago 

                                                                  Good news! Thanks, @jrcornel...

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                                                                    [-]
                                                                      ·  7 years ago 

                                                                    Good news in this bloody day

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                                                                      [-]
                                                                        ·  7 years ago 

                                                                      Gettin' with tbe times baby!

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                                                                        [-]
                                                                          ·  7 years ago 

                                                                        giphy.gif

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                                                                          [-]
                                                                            ·  7 years ago 

                                                                          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 :)

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                                                                              ·  7 years ago (edited)

                                                                            waiting patiently for it to cross $3000 again and even higher .. : )

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                                                                                ·  7 years ago 

                                                                              People love bitcoin because it's going to succeed! People hate bitcoin because it's going to succeed!

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                                                                                  ·  7 years ago 

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                                                                                    ·  7 years ago 

                                                                                  Looks like Bitcoin is headed for total world domination!

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                                                                                      ·  7 years ago 

                                                                                    whenever Japan makes a move, I make a move

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                                                                                        ·  7 years ago 

                                                                                      The world seeks for the best!

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                                                                                          ·  7 years ago 

                                                                                        Exciting times ahead as Bitcoin becomes more mainstream... great news! Thanks for sharing!

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                                                                                          [-]
                                                                                            ·  7 years ago 

                                                                                          They want to revive their economy and go bravely into the future without overprinting their fiat. At least someone in the world is getting it!

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                                                                                              ·  7 years ago 

                                                                                            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 :-)

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                                                                                                ·  7 years ago 

                                                                                              The future is already here! Thanks for your post!

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                                                                                                  ·  7 years ago 

                                                                                                Great article 👍
                                                                                                good news for bitcoin 🤙

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                                                                                                    ·  7 years ago 

                                                                                                  Cool !

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                                                                                                      ·  7 years ago 

                                                                                                    hi, I live in Myanmar Country.
                                                                                                    Please, follow and vote me.

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                                                                                                        ·  7 years ago 

                                                                                                      I know this is not the point of this article but I just wanted to say this reminded me of walking through Akihabara and being completely amazed about the excentricity of the place (and the manga stores). The area both confirmed and contradicted all my first impressions of Japan and its people and it's partly why I loved Japan so much. You really can't put your finger on it and you really have to be there to understand what I mean! I would go back to Japan any day!

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                                                                                                          ·  7 years ago 

                                                                                                        I love to see bitcoin being accepted on the high street, it’s a sign of changing times and people adopting the future.

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                                                                                                            ·  7 years ago 

                                                                                                          hi! steemian's, i like your post! Upvote and follow me. thanks!

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                                                                                                              ·  7 years ago 

                                                                                                            I hope the coins go up again soon :)

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                                                                                                                ·  7 years ago 

                                                                                                              Japan is the land of the rising cryptosun! They are technologically very advanced people! Hai!

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                                                                                                                  ·  7 years ago 

                                                                                                                So will it finally go back to $3000? I hope so xd

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                                                                                                                    ·  7 years ago 

                                                                                                                  Excellent article and upvoted! I am amazed at all the like minded people I am finding here on Steemit. Facebook is full of alot of brain dead zombies in comparison. Feels good finding my tribe with the right vibe! :-) #OutsideTheBox

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                                                                                                                      ·  7 years ago 

                                                                                                                    Great article, i think BitCoin and one currency is un-stoppable.

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                                                                                                                        ·  7 years ago 

                                                                                                                      Thanks for keeping us up-dated about all things #bitcoin

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                                                                                                                          ·  7 years ago 

                                                                                                                        This is such a good news!!

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                                                                                                                            ·  7 years ago 

                                                                                                                          Good news! 15 years ago Japan was one of the largest locomotives of world trade. Then passed the position. Now the government and the largest companies are doing everything, that Japan again became the largest world of Whales.

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                                                                                                                              ·  7 years ago 

                                                                                                                            Funny how things work eh? :)

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                                                                                                                              1 vote
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                                                                                                                                ·  7 years ago 

                                                                                                                              Yes. Old and New World have lagged behind Australia and South=East Asia in legalizing cryptocurrencies!
                                                                                                                              How would us them again to catch up won't have to! :D

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                                                                                                                              1 vote
                                                                                                                              [-]
                                                                                                                                ·  7 years ago 

                                                                                                                              Great post and great news for the cryptocurrency world!

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                                                                                                                                  ·  7 years ago 

                                                                                                                                good step ahead! cheers for the great news :)

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                                                                                                                                    ·  7 years ago 

                                                                                                                                  How exciting!! Great news. Very informative post. Steemits future looks very promising. You have a new follower and vote :)

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                                                                                                                                      ·  7 years ago (edited)

                                                                                                                                    Let them all accept Bitcoin! Great article !

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                                                                                                                                        ·  7 years ago 

                                                                                                                                      Genial!!! esto significa que en el verano próximo tendriamos al bitcoin con un costo muy elevado =) a juntar bitcoin se ha dicho!

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                                                                                                                                          ·  7 years ago 

                                                                                                                                        Bitcoin is showing great results in terms of market capitalization

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                                                                                                                                            ·  7 years ago 

                                                                                                                                          great post, follow me > follow You
                                                                                                                                          Greetings from PL

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