Japan's largest consumer electronics retailer, Yamada Denki, has partnered with the country's largest currency trading platform, Bitflyer, to test the currency of the Bitcoin currency. At first, payment will be accepted at two of the company's stores in Tokyo, but the company plans to offer the option of paying national currency in the future.
Yamada Denki stores accept payment in the currency of the Bitcoin
Japan's largest retailer of consumer electronics, Yamada Denki, has announced that it has started testing its payments from January 27. This is in partnership with the Bitflyer trading platform, the largest trading platform for Bitcoin in Japan in terms of volume. According to a guide published by the Japanese mobile phone company NTT Docomo and independent research by the Japanese investment research service "Kenkyo Investing", Yamada Denki is the largest chain of home appliances and electronics in Japan. Some of its products include computers, tablets, massage chairs, cell phones, air conditioners, kitchen utensils, and cameras. Two of the company's stores began to experiment with payments in the Bitcoin currency: Yamada Denki Labi Shinjuku and Concept Labi Tokyo.
The company says that these sites have many foreign visitors, making them good test sites for integrating digital currencies into payments up to 300,000 yen (about $ 760) when using this payment option. To celebrate the event, the Bitflyer platform gave 500 yen to the first 500 customers paying in digital currencies using its portfolio in each store. After testing at two of the company's stores, Yamaka Denki aims to deploy Bitcoin payments nationwide, according to the Bitflyer platform. The platform also commented that, through cooperation with Yamaka Denki, this will improve the convenience of more customers both inside and outside Japan. In addition to providing an additional payment method.
Future stores can also accept payment in the Bitcoin currency
Yamada Denki stores operate with a small number of branded stores, including Tecc Land, Labi, and Yamada Mobile, which specialize in mobile phones. According to the studies, there will be 956 stores by March 2017. In April of last year, another major electronics chain joined the Bitflyer platform to accept Pitcairn payments. Where Bic Camera tried to pay in the Bitcoin currency at two of its stores initially. Then in July last year, it announced that it had introduced payment options at bitcoin in all its 40 stores across Japan.