japanese startup: Under Mercari's transaction system, buyers can pay with credit cards, according to The Japan Times. For people in desperate need of quick cash, paying 13,000 for a 10,000 note had merit, the officials said. According to officials of the Japanese startup virtual market place, which mainly deals in used items such as clothing, those cases indicate some sellers were trying to take advantage of the e-commerce site and capitalize on people desperate for immediate cash. Such cases started increasing in mid-February after Mercari allowed users to sell currently circulating coins and paper money in addition to old money and collectable coins and bills. However, such deals could lead to financial trouble among users and in the worst case become a hotbed of crime. The move came in response to users' requests that coins minted with errors, such as a 5 coin with a misaligned hole, are rare items with added value.
(news.financializer.com). As
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