Bit Flyer: Trial Basis and Payment Option

bit flyer: The company said it is introducing the new payment option, which it claims is a first for a major retailer in the nation, out of the belief that the use of the virtual currency will become more common among domestic consumers, according to The Japan Times. It also said the move would attract more foreign tourists to use the cryptocurrency. Electronics retailer Bic Camera Inc. announced Wednesday its outlets will start accepting payments by bitcoin for purchases of up to 100,000 on a trial basis at its flagship store in Tokyo's Yurakucho district and Bicqlo Bic Camera in Shinjuku from Friday. Introduced in 2009, bitcoin has become one of the most widely used digital currencies, with about 20 million users worldwide as of March, according to bit Flyer, a major domestic bitcoin exchange operator. There are about 600,000 users in Japan, it said. The company is working with Bic Camera to set up the payment system at the stores. (news.financializer.com). As reported in the news.