[2017-08-20] Japan’s Largest C2C Ticket Marketplace Accepts Bitcoin

[moriskarlov]

Japan’s Largest C2C Ticket Marketplace with 5 Million Users Accepts Bitcoin

Japan’s top customer-to-customer (C2C) ticket exchange marketplace, Ticket Camp, announced last week that it has become the first in the Japanese ticket industry to accept bitcoin. The site has about 5 million users and processes approximately 5.8 billion yen per month.

First in Ticket Industry to Accept Bitcoin

One of Japan’s most popular ticket marketplaces, Ticket Camp, announced last week that it has become the first in the Japanese ticket industry to accept bitcoin, starting on August 17.

The marketplace is operated by Hunza Co. Ltd, a wholly-owned subsidiary of the Mixi Group. The company describes in the announcement:

        "Hunza Co., Ltd. develops and manages the largest C2C ticket sales site ‘Ticket Camp’ in Japan, with the vision of creating web services that become the culture of the world."

Similar to online ticket exchange Stubhub in the U.S., Ticket Camp allows users to buy, sell, and request event tickets between each other. “Sellers decide on the price they want to sell at and list their tickets for sale on the marketplace,” the Mixi Group detailed. “In addition, Ticket Camp uses an escrow system where payment is held by Hunza until the tickets arrive in the hands of the buyer, ensuring safe and secure transactions.”

The site has no membership or registration fees but takes a percentage of the purchase amount. “Ticket Camp’s earnings come from transaction fees set at 13% of the ticket sale price, divided between the ticket seller and buyer,” the Mixi Group wrote. Registration takes one minute, their website states.

Ticket Camp is only two years old, but has grown to 5 million monthly users, according to Hunza’s press release. It processes about 5.8 billion yen monthly as of December 2016, or approximately $53 million. Google Play Store shows 7,008 ratings for the app of 4 stars on average. On Apple’s iTunes store, there are 15,007 ratings averaging 4.5 stars.

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[CryptoBry]

I am seeing more and more Japanese firms getting into Bitcoin. And I am not wondering why...because Japan is now a leading country for the acceptance and use of Bitcoin. There are so many benefits when a country would recognize Bitcoin. I am hoping that soon a large number of different companies would be marching to the music of Bitcoin and cryptocurrency.

[BitHodler]

I am seeing more and more Japanese firms getting into Bitcoin. And I am not wondering why...because Japan is now a leading country for the acceptance and use of Bitcoin. There are so many benefits when a country would recognize Bitcoin. I am hoping that soon a large number of different companies would be marching to the music of Bitcoin and cryptocurrency.

Japan is always very open minded when it comes to allowing new technologies to grow, and that definitely shows when we look at how Bitcoin is thriving there.

I am not exactly aware of the numbers of people that are actually spending their coins to purchase all kinds of goods, but if that's thriving as well, then it will even further incentivize merchants to accept Bitcoin.

Imagine how things will be when the far majority of the modern economies in the world start legalizing Bitcoin ~ this eventually will be the mass adoption people were dreaming of for quite some years.