BitcoinBTCCryptocurrency EducationNews

Japan’s largest community e-commerce platform to start accepting Bitcoin this year

1 Mins read

Mercari, a leading online community marketplace in Japan, plans to introduce Bitcoin (BTC) as a payment option for its platform users by June 2024, a report from Japanese media outlet Nikkei confirms.

According to a report in Japan’s Nikkei, Mercari — an online community and marketplace — will allow users to pay with Bitcoin at the final stage of purchase. In addition, Mercari will allow users to convert their loyalty points to Bitcoin, linking its main platform with its digital currency trading service.

As one of Japan’s top online shopping platforms, the development allows users to transact with Bitcoin via the app, with prices still in yen, while leveraging the digital currency trading services provided by Melcoin, Mercari’s fintech subsidiary.

Mercari, which began in 2013, is Japan’s biggest platform for second-hand goods, with a user base of 22 million customers per month as of last July. Despite its wide reach, the company is currently looking to expand its presence in the global scene, and appeal to its crypto-inclined users.

Mercari has been focusing on its crypto-related products in the past few months, launching the Mercari Bitcoin service in October 2023. This service enables users to trade Bitcoin with the money they earn from selling their items on Mercari.

By adding Bitcoin as a payment option, Mercari could increase the use and adoption of crypto assets in Japan. At the same time, the company strives to improve user satisfaction and ease on its platform.

This recent initiative aligns with a global trend that has permeated the Japanese e-commerce landscape. Notably, in March 2021, the prominent e-commerce platform Rakuten introduced a program enabling customers to exchange their Rakuten Points for cryptocurrencies, including Bitcoin.

Residents in Japan have displayed heightened interest in cryptocurrencies, especially within a dynamic regulatory environment. A recent Triple-A report revealed that approximately 4% of the country’s population, equivalent to 5 million Japanese residents, are cryptocurrency owners.

Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.