Yamada Denki announced that it will provide Bitcoin payment services

nRunaway Comment: Last year, after Japan legitimized bitcoin, some of the local retail giants have begun to provide bitcoin payment services. At present, Yamada Denki, a major electrical retailer, joins the group, announcing that both stores will accept bitcoin payments in the hope of meeting the diverse needs of its customers both at home and abroad. From similar initiatives of other companies, Yamada Denki is likely to continue to expand the scope of this service.n
nTranslation: Inan
Yamada Denki, a Japanese retail giant, has partnered with bitFlyer, a cryptocurrency exchange, to provide Bitcoin payment services at its two stores.n
According to its release last week, the store that will provide this new service will have one located in Shinjuku, which attracts a large number of foreign tourists and the other, near Tokyo’s main business district.n
The company said:n
n”In addition to diversifying our services, we will also implement a number of initiatives to enhance people’s acceptance of Bitcoin and promote its use.”n
nWith the launch of the Bitcoin payment system, the company said its goal is to meet the diverse needs of its Japanese and overseas customers. “We believe we can provide better service and more convenience.”n
Yamada Denki has set a Bitcoin settlement limit, which means that up to 300,000 yen (about 2,760 U.S. dollars) can be paid for each account. According to CoinDesk’s bitcoin price index, as of this writing, the transaction price of bitcoin is about $ 11,200 (1218016 yen).n
Back in April last year, Bic Camera, another Japanese appliance retailer, announced that it had jointly bitFlyer test a new PoS system to allow customers to buy goods using bitcoin. The company also said in July last year that it is extending its Bitcoin payment service to stores nationwide.n
In August last year, Marui Department Store in Tokyo also tested bitcoin payments at its Shinjuku store and set a cap of 100,000 yen (about $ 900) on Bitcoin transactions.n

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