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Dimelord (OP)
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March 30, 2017, 07:16:27 AM |
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the first japan bill containing virtual currencies is expected to come on april which recognizes bitcoin as a method of payment.Although,it doesnot define bitcoin as a legal currency,it is still considered as a remarkable progress for bitcoin in japan.Hope, most of tourists who would go to japan to see 2020 olympics would be able to pay in bitcoins.
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Hydrogen
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March 30, 2017, 08:06:34 AM |
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Awesome.
Japan has some of the highest average broadband speeds in the world.
Nodes operated in japan could offer an advantage in terms of speeding up the average speed of btc transactions without centralizing networks.
Japan and china tend to be opposed to each other. There are a lot of hard feelings between the two countries after world war II.
It is possible japan could take steps to nullify some of the more unethical practices by chinese involved in crypto.
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Dorky
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March 30, 2017, 08:52:04 AM |
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The status quo always changes its mind.
Unless it is 100% confirmed we cannot assume Bitcoin is money in Japan, lest we get disappointed.
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mynhpark
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March 30, 2017, 09:00:25 AM |
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By the end of 2016, there were around 4200 Bitcoin-accepting merchants and storefronts in Japan, near quadrupling the total from 2015. Now, with the current progress in Bitcoin regulation made by Japanese authorities, the number of merchants accepting Bitcoin is expected to quintuple to 20000 this year. Indeed, good times for Bitcoin adoption are coming.
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mining1
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March 30, 2017, 09:10:43 AM |
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A new round of greater fools not knowing what they do. Investing now is extremely risky.
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iv4n
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March 30, 2017, 09:15:06 AM |
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By the end of 2016, there were around 4200 Bitcoin-accepting merchants and storefronts in Japan, near quadrupling the total from 2015. Now, with the current progress in Bitcoin regulation made by Japanese authorities, the number of merchants accepting Bitcoin is expected to quintuple to 20000 this year. Indeed, good times for Bitcoin adoption are coming.
And imagine all the people that will come to watch Olympics? No more bothering about currency exchanging, you go to another country and you pay with bitcoins in any restaurant, you can buy something else, what a relief will bitcoin be for people that plan to go there and have bitcoins. I hope we will see some statistics after Olympics about this topic, how many people will spend some bitcoins in this shops, this will be a test for bitcoin. |
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NorrisK
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March 30, 2017, 09:22:52 AM |
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Japan is making huge leaps with regards to cryptocurrency.
They are very open minded, which is also noticed by the test run with NEM by big companies there.
I wouldn't be surprised if they were to pass this bill.
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rajasumi3
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March 30, 2017, 09:26:18 AM |
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Firstly people need to be aware of that japan is introducing bitcoins as their currency .well it need to make much progess as the confirmation takes a lot more time , as their speed is not so fast .maybe their will be a option to pay for bitcoins but very people will use it .
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TastyChillySauce00
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March 30, 2017, 09:35:52 AM |
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Why expecting people to pay through using bitcoin in Olympic tho, I think that those who have known and really want to take an opportunity to pay services in japan using bitcoin are kinda extreme supporters, the rest of bitcoin users are using bitcoin as usual as it eventually be needed.
The acceptance towards bitcoin in japan is indeed a good thing but it's, I suppose, to open the gate of earning uncovered taxes which is running off through bitcoin.
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roadbits
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March 30, 2017, 11:09:04 AM |
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By the end of 2016, there were around 4200 Bitcoin-accepting merchants and storefronts in Japan, near quadrupling the total from 2015. Now, with the current progress in Bitcoin regulation made by Japanese authorities, the number of merchants accepting Bitcoin is expected to quintuple to 20000 this year. Indeed, good times for Bitcoin adoption are coming.
And imagine all the people that will come to watch Olympics? No more bothering about currency exchanging, you go to another country and you pay with bitcoins in any restaurant, you can buy something else, what a relief will bitcoin be for people that plan to go there and have bitcoins. I hope we will see some statistics after Olympics about this topic, how many people will spend some bitcoins in this shops, this will be a test for bitcoin. Yes, this will be a test for Bitcoins. And the tourist doesn't need to stand in front of currency exchange shops to exchange their currency. But I have doubt that is this real news or fake. If it is real then the local currency exchange they will get big loss in this business. |
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jtipt
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March 30, 2017, 11:13:47 AM |
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Japan is making huge leaps with regards to cryptocurrency.
They are very open minded, which is also noticed by the test run with NEM by big companies there.
I wouldn't be surprised if they were to pass this bill.
Yes I agree, Japan is a tech giant and has made a lot of advances in technology in the past few years so it's obvious they were not gonna stay behind in the crypto field. This will also be a big achievement for bitcoin. |
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ashuawei
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March 30, 2017, 11:33:55 AM |
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I think this is good news for the bitcoin community especially in Japan.
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Xester
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March 30, 2017, 11:37:24 AM |
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the first japan bill containing virtual currencies is expected to come on april which recognizes bitcoin as a method of payment.Although,it doesnot define bitcoin as a legal currency,it is still considered as a remarkable progress for bitcoin in japan.Hope, most of tourists who would go to japan to see 2020 olympics would be able to pay in bitcoins.
This is another major leap for bitcoin. First we have Switzerland who accepts bitcoin to be use as payment for government services and next is Japan which allows bitcoin to be used as a form of financial payment. Soon the Philippines will come into the picture when the bangko sentral ng Pilipinas have finished evaluating and will declare the use of bitcoin in the market. Bitcoin will be large after Japans acceptance let us wait for an increase in bitcoins value. |
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Zadicar
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March 30, 2017, 11:39:13 AM |
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the first japan bill containing virtual currencies is expected to come on april which recognizes bitcoin as a method of payment.Although,it doesnot define bitcoin as a legal currency,it is still considered as a remarkable progress for bitcoin in japan.Hope, most of tourists who would go to japan to see 2020 olympics would be able to pay in bitcoins.
This is really a good news that a particular country already accepted or already implemented for bitcoin to be part of their currency which is great and we can really prove out that its not possible for a country to accept bitcoin completely.I wish i had lots of bitcoins and go to japan to spend them without the need of exchanging to local fiat. |
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jaberwock
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March 30, 2017, 11:42:11 AM |
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what is the source for your info? also how can you be sure that it will be accepted? or has the decision already been made and will be effective in April  |
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btcdiggingmaster
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March 30, 2017, 11:43:57 AM |
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Yes, this news makes me very happy because many of my friends told me to leave bitcoin otherwise you will lose your money. Now I can share this news with my friends, Japan is one of biggest currency, which has positive side on bitcoin acceptance.
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tiggytomb
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March 30, 2017, 11:53:06 AM |
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Good news, it would be a great opportunity for some kind of Olympic adoption, maybe a shop somewhere or something along those lines could add bitcoin as a payment option, it would certainly give bitcoin decent exposure.
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asdalani
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March 30, 2017, 12:01:57 PM |
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I think this is good news for the bitcoin community especially in Japan.
It's good news and bad news. Bitcoion been around for years and the price of Bitcoin is really high compared to the price that it began with. If Japan gets more involved with virtual currencies then the guys with paper cash will soon find that they have less money then most people in the Country. Virtual Currencies are what Japan is aiming for. Bitcoin has the technology to influence the payments made with virtual currency and Japan wants more guys getting into it. |
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acroman08
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March 30, 2017, 12:53:45 PM |
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Great news, but a link would be nice to read the full article.
it would be great if they use the Olympics as a promotion for bitcoin to attract bitcoin users willing to
pay using bitcoin. stores, hotels that accept bitcoin would be nice too, bitcoin enthusiast will be interested
in trying it out.
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paul gatt
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March 30, 2017, 01:07:18 PM |
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That's a great news, but I doubt its credibility, give us a way to verify it. I do not want to believe and those that are not real. If Japan accepts bitcoin as a payment method, this means bitcoin is getting more acceptance, and it will grow even further. It is the premise for bitcoin to stand firm in the market, and it never gets overtaken by other altcoins. Japan is a very modern country, bitcoin is acceptable, meaning bitcoin is a good investment, so we should support bitcoin.
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