Yamada Denki, Japan’s largest consumer electronics chain, accepts Bitcoin payments

nBankruptcy comment: Japan’s largest consumer electronics retailer Yamada Denki (Yamada Denki) announced that since January 27 from the beginning of the first two outlets in the trial of bitcoin payments. It is reported that Yamada Motor’s trial of bitcoin payments with the previous Bic Camera, still with Japan’s largest encrypted currency exchange Bitflyer cooperation. Bic Camera announced in April last year that it will try its bitcoin payment function in two stores before announcing the launch of Bitcoin payments in all its stores in July last year. Yamaha Motor is also expected to launch this payment option in more stores if the trial of bitcoin payment is successful.n
nTranslation: Clovern
Yamada Denki, Japan’s largest consumer electronics retailer, tested bitcoin payment with Bitflyer, Japan’s largest cryptocurrency exchange. At the beginning of the trial, Tokyo Yamada Motor Labi stores will take the lead in accepting bitcoin, but the company plans in the short term in the country have launched digital store payment this option.n
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Yamada Denki stores accept bitcoinn
Yamada Denki, Japan’s largest consumer electronics retailer, announced a trial of Bitcoin payments starting January 27. The pilot project in cooperation with Japan’s largest exchange Bitflyer exchange cooperation.n

According to an independent study conducted by NTT Docomo, a Japanese mobile operator, and Kenkyo Investing, a Japanese investment research service,n
n”Yamada Denki is the largest chain of home appliances and electronics in Japan.”n
nYabai’s guide to Japan’s largest electronics store describes it as follows:n
n”Yamada Denki is considered Japan’s largest electronics store with a wide selection of products at reasonable prices.”n
nIts products include computers, tablets, massage chairs, cell phones, air conditioners, kitchen appliances, cameras and home improvement items. Most display and older items are sold at discounted prices, and Yamada Denki is therefore one of the best places for visitors to get more affordable products.n
Yamaha Denki Labi Shinjuku east exit pavilion (Yamada Denki Labi Shinjuku east exit pavilion) and Tokyo Concept Electric Mall (Tokyo Electric Appliance Co., Ltd.), two Yamada Denki direct stores, were the first to accept Bitcoin payments in the pilot project. Concept Labi Tokyo).n
The company said the two stores were chosen because of the large number of foreign tourists in these locations and therefore the best place to test digital currency consolidation. At present, the use of bitcoin to pay the spending limit 300,000 yen (about 2,760 US dollars). To celebrate the success of this event, all top 500 consumers paying with Bitflyer wallets receive 500 yen.n
According to Bitflyer, after the two stores have completed trial operations, they will deploy bitcoin payment services at Yamada Denki’s stores throughout Japan. In addition, the Bitflyer Exchange, which recently entered the European market, added: “By working with Yamada Click, we are also working to provide greater convenience to Japanese and overseas consumers.”n
In addition to providing additional payment options, Yamada Denki said:n
n”We will take more steps to increase our recognition of Bitcoin and further promote its use, and we will be able to respond to the different needs of Japanese and overseas customers with the launch of Bitcoin Payment Services. We believe that we Can provide better service and bring more convenience. “n
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More stores accept bitcoin in the futuren
Yamada Denki’s sub-brand chain of retail stores there, including Tecc Land, Labi, Yamada Mobile and Yamada Outlet.n
Tecc Land chain stores as independent stores, covering all Japan. Labi is a large store and is located in front of the train station in the city center. Yamada Mobile brand stores mainly engaged in mobile phones and computers. According to Yamada Electric latest statistics show that as of January 2017, the company’s total of 956 outlets.n

Last April, Bic Camera, another major retailer of electronic products in Japan, also partnered with Bitflyer to accept Bitcoin payments. At the time, Bic Camera also pioneered bitcoin payments in two stores. Then in July last year, the company announced the launch of Bitcoin payment options in all its stores, and there are currently about 40 Bic Camera stores in Japan.n

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