12 Jul '17, 9am

Japan's Bic Camera to Accept Bitcoin Payments at All Stores

A consumer electronics retailer in Japan is expanding a bitcoin payment option to all its stores nationwide. According to Nikkei , Bic Camera, which began accepting bitcoin at several locations in April, is expanding the option after seeing unexpected levels of demand from spenders. The company is taking payments in the digital currency through a partnership with domestic bitcoin exchange bitFlyer, which it uses to convert bitcoin into yen upon acceptance. Bic Camera sells a range of products, including cameras, personal computers and home appliances like dishwashers. News that Bic Camera was taking bitcoin in a limited capacity came shortly after the Japanese government put in place new regulations around digital currencies and the exchange services that handle them. Among those was a legal definition for bitcoin as a kind of payment instrument. Those rules came into bein...

Full article: http://www.coindesk.com/japans-bic-camera-accept-bitcoin-...

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Unexpected Popularity Prompts Bic Camera to Accept Bitcoin at All Locations

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