30 Jun '17, 10am

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept Bitcoin

Japan’s leading bitcoin exchanges, Bitflyer and Coincheck, will start offering insurance for merchants to cover failed transactions involving bitcoin. Also read: Bitpoint Adds Bitcoin and Ether Payments to Platform with Unionpay, Wechat Pay and Alipay Insurance for Bitcoin-Accepting Merchants Two of Japan’s leading bitcoin exchanges, Bitflyer and Coincheck, are partnering with large Japanese insurance companies to offer merchants insurance to protect them from Bitcoin transactions that do not go through correctly, Nikkei reported . “Policies will cover losses from botched payments,” the publication described, adding that: The hope is that more stores will adopt bitcoin as a payment method if they are not forced to simply eat such losses. Since the Japanese government started recognizing bitcoin as a legal method of payment on April 1, a growing number of merchants have sta...

Full article: https://news.bitcoin.com/japanese-bitcoin-exchanges-insur...

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