Japan’s Marui to Accept Bitcoin Payments

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Japan’s retail market appears to be increasingly receptive to Bitcoin, with yet another large chain of stores on track to begin accepting Bitcoin payments. Reports suggest that the Marui fashion department chain has entered into a partnership with the BitFlyer exchange to enable its stores to facilitate the use of Bitcoin. Marui Group will reportedly begin by testing Bitcoin payments at the Shinjuku Marui Annex beginning on August 7.

Bitcoin.com has reported that the plan will enable customers to use the BitFlyer Android and iOS wallets at the Annex. Using their smartphones, they can scan the store’s QR code, and the payment will be processed “in a few seconds.” BitFlyer, of course, has already been through these types of test runs in recent months, as it assisted with the Bic Camera Bitcoin payment experiment earlier this year.

The news comes on the heels of several retailers’ decision to temporarily halt Bitcoin payments over concerns about the recent fork in the Bitcoin blockchain. Bitcoin’s continued stability in the aftermath of that currency split has apparently eased many of those initial worries.

And while the addition of Marui’s 31 stores might seem relatively minor when compared to the 260,000 Japanese stores that are expected to begin accepting Bitcoin this year, it is still one more sign that the country is serious about digital currency.

The views expressed by the authors on this site do not necessarily represent the views of DCEBrief or the management team.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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