Japan’s largest second-hand car group to cooperate with Bitflyer to accept bitcoin payments

Japan’s largest second-hand car group to cooperate with Bitflyer to accept bitcoin payments

One of Japan’s biggest second-hand car group and the country’s largest encryption currency exchange Bitflyer cooperation, the implementation of bitcoin payment in Japan around the dealers. This initiative will be implemented in the first 26 dealers, but the company also plans to add a bitcoin payment in 550 other locations.

By car dealers Bitflyer accept bitcoin

IdomInc. is engaged in second-hand car distribution business, and has been listed on the Tokyo stock exchange. The company formerly known as GulliverInternationalCo.Ltd., since 1994 has been in Japan around the operating second-hand car trading network.

The company says it holds the largest share of the second-hand car market in Japan, sales and purchases are ranked first. The group has subsidiaries in the United States and New Zealand, while also holding Australian car dealers Buick Holdings Limited (BuickHoldingsPtyLtd.)) 67% stake.

Idom announced last week that the import of second-hand car chain Liberala will begin in December 20th to accept bitcoin. The chain store franchise, Bentley BMW and Audi. This move will cooperate with Japan’s largest bitcoin exchange Bitflyer.

24 Liberala stores will accept bitcoin payment, each purchase amount of up to 100 million yen ($888 thousand). The 24 stores are located in Hokkaido, northeast, central, Kanto, Kansai, China Shikoku and kyushu.

The next or will add another more than 550 dealers

In addition, Idom also owns the Gulliver brand, which currently has about 550 stores in japan. According to its website, Gulliver is currently a total sales of 300 thousand units, the cumulative purchase amount is 3 million units. The Idom announcement said: “we will first conduct a pilot test in Liberala, then we will consider about 550 stores in Gulliver across the country launched bitcoin payment.”

Another car group to accept bitcoin

Earlier this month, another second-hand car group L ‘operaio in Tokyo three dealers began after the bitcoin payment. L operaio was founded in 1992, specializing in the import of luxury cars in europe.

You can use the maximum amount of bitcoin payment for each 2 million yen ($18 thousand). Since the encryption of monetary market and continued growth in the number of bitcoin holders, the company said: “we decided to launch a bitcoin payment, creating convenience for customers, to help us in the emerging market.”

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