An announcement on Tuesday revealed that Japanese luxury automobile dealership L’Operaio has partnered with bitFlyer to give its customers the option of using Bitcoin for their high-end car purchases. According to media reports, the exchange has confirmed that the Bitcoin option will initially be limited to three Tokyo stores, with a goal of expanding the option to other L’Operaio locations in the future.
The terms of the partnership are markedly different than most of bitFlyer’s recent payment support arrangements. Previous retail partnerships have typically capped the payment settlements at no more than $2,760, the L’Operaio deal will provide support for payments up to 100 million yen – or $1 million – worth of Bitcoin.
Users will reportedly be able to make their Bitcoin purchases via a QR code scan that will settle the transaction in mere seconds.
The new partnership is the latest in a series of deals bitFlyer has been making throughout Japan. Other notable crypto payment partnerships have included a much-publicized deal with Bic Camera in July 2017, and a limited trial partnership with electronics retailer Yamada Denki earlier this year.
The exchange’s expansion efforts have also included a move to enter the United States market last fall, and the acquisition of a European Union payment institution license in January 2018.