Bitcoin

Read

Spot

Mercari, a leading online community marketplace in Japan, plans to introduce Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) as a payment option for its platform users by June 2024, a report from Japanese media outlet Nikkei confirms. 
According to a <a href="https://www.nikkei.com/article/DGXZQOUC202J50Q3A221C2000000/" target="_blank" rel="noopener">report</a> 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. 
 You might also like: <a href="https://crypto.news/spot-bitcoin-etfs-issuers-get-final-deadline-to-change-applications/"> Spot Bitcoin ETFs issuers get final deadline to change applications </a> 
Mercari, which began in 2013, is <a href="https://crypto.news/japans-prime-minister-hints-at-improving-the-web3-space/">Japan</a>’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 <a href="https://crypto.news/strike-moves-global-headquarters-to-el-salvador-expands-bitcoin-payments-to-65-countries/">Bitcoin</a> 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 <a href="https://crypto.news/japanese-cabinet-approves-crypto-tax-reform-2024/">environment</a>. A recent Triple-A <a href="https://triple-a.io/crypto-ownership-japan-2023/" target="_blank" rel="noopener">report</a> revealed that approximately 4% of the country’s population, equivalent to 5 million Japanese residents, are cryptocurrency owners. 
 Read more: <a href="https://crypto.news/friend-tech-moved-almost-50-of-its-fees-to-coinbase-as-tvl-slashed-by-half/"> Friend.tech moved almost 50% of its fees to Coinbase as TVL slashed by half </a>

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

crypto.news

Other articles published on Jan 8, 2024

Bitcoin may fall to $26k if it loses this support level, says expert

Pantera, VanEck prepare to make investment following spot Bitcoin ETF approval

Próspera, Honduras Has Embraced Bitcoin As A Unit Of Account

Bitcoin’s Surge in Turkish Lira: New Peaks Every Day

DNY (Dynasty Coin) Is Now Available for Trading on LBank Exchange

Binance’s Proof of Reserves: A Sign of Stability for Investors

Join our free newsletter for daily crypto updates!