31 Jan '17, 9am

Japan Could See 20,000 Bitcoin Accepting Merchants in 2017

Japan Could See 20,000 Bitcoin Accepting Merchants in 2017

138 SHARES Twitter Linkedin Facebook Reddit Weibo As Japan prepares to enforce regulations upon bitcoin exchanges in the country this, a development that was encouraged by the local bitcoin industry, the number of merchants accepting the cryptocurrency is expected to quintuple to 20,000 this year. By 2016’s end, there were over 4,2000 bitcoin-accepting merchants and storefronts in the country, quadrupling from the total from 2015. The frenetic growth followed a bill, approved by the Japanese cabinet, to recognize digital currencies as real money , or legal tender. Tokyo’s ResuPress, a bitcoin payment processor that is also the operator and parent company of Japanese bitcoin exchange CoinCheck, expects the trend of accepting bitcoin among merchants to continue and step up a gear in 2017. Through a partnership with an energy company in Japan, ResuPress has already enabled Ja...

Full article: https://www.cryptocoinsnews.com/japan-see-20000-bitcoin-a...

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