Japan to accept Bitcoin as payment method.

[barbara44]

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.

I agree! Where I live there are some gas stations that will let you buy Bitcoin but I haven't seen any place that accepts it and I live in a big city. It would definitely be nice to have more places that accept bitcoin. I am surprised there aren't yet.

[LeGaulois]

Again a great news for Bitcoin, but there is still some "limits" customers must answer a list of questions that were not asked before like to tell their  job and the reason that push them to transact on bitcoins.  They must also download id documents and wait that Exchange platforms treat, which can take a few days. On the other side, themselves exchanges must comply with several additional regulatory requirements. The most restrictive of these is a requirement to hold, at a minimum liquid capital (don't know the amount). Still, better than nothing...

[Gheka]

I hope not only Japan but all countries around the world will use bitcoin as a payment method, it will be great and convenient for bitcoin users. In my country there have been many ATMs used for bitcoin withdrawals, and more interesting is that there are some coffee shops that use bitcoin for payment. I think these would be great if all services use bitcoin for payment. Japan's bitcoin acceptability is probably the first step in the development of bitcoin globally

[taxmanmt5]

It's good to see this type of news. We know how Japan is one of the richest country despite of it's geographical size for being small. This will make the growth of bitcoin very fast and once they started to apply it to the industry we'll see the price and demand of bitcoin to increase. I hope my country will recognize bitcoin like Japan.

Yes true, it is good news, it cannot be disputed again this will be followed by other countries, the financial systems of bitcoin is best so that will replace traditional payment systems.

Yes their move will be followed by other countries that are their subordinates or looking upon Japan. Because those countries realize that Japan's innovating almost everything and when they saw bitcoin is good for the economy of Japan. They will use it too for their country and many people will love how fast it is when it comes to transaction and it has a lot of feature.

I wouldn't say "many people will love how fast it is when it comes to transaction", but "how fast should it be when it comes to transaction"...
Today's problem is delay and high fees. If these are solved, bitcoin will be a famous digital money for the average people too. If delay remains or the high fees, bitcoin will be a kind of digital gold, to store value in it, but a kind of money foreveryday transactions.

Yes, looking forward for that, i mean to some other people from japan that they really use bitcoin as they pay in public and accessing it freely and boldly..more countries to follow this

[azguard]

It's good to see this type of news. We know how Japan is one of the richest country despite of it's geographical size for being small. This will make the growth of bitcoin very fast and once they started to apply it to the industry we'll see the price and demand of bitcoin to increase. I hope my country will recognize bitcoin like Japan.

Yes true, it is good news, it cannot be disputed again this will be followed by other countries, the financial systems of bitcoin is best so that will replace traditional payment systems.

Yes their move will be followed by other countries that are their subordinates or looking upon Japan. Because those countries realize that Japan's innovating almost everything and when they saw bitcoin is good for the economy of Japan. They will use it too for their country and many people will love how fast it is when it comes to transaction and it has a lot of feature.

I wouldn't say "many people will love how fast it is when it comes to transaction", but "how fast should it be when it comes to transaction"...
Today's problem is delay and high fees. If these are solved, bitcoin will be a famous digital money for the average people too. If delay remains or the high fees, bitcoin will be a kind of digital gold, to store value in it, but a kind of money foreveryday transactions.

Yes, looking forward for that, i mean to some other people from japan that they really use bitcoin as they pay in public and accessing it freely and boldly..more countries to follow this

True Japan made huge step with this move. Now it will be only matter of time how will follow. Will it be China, Russia, USA, or some other country.
With this move Japan made clear that they want to accept BTC in every day, maybe we should all go to live in Japan.

[italianMiner72]

finally... i have understand because bitcoin price is sky rocket!!!
and what if all countries will accept bitcoin as payments???
really bitcoin will reach $1M???

[carlisle1]

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.

Well, as far I know japan is one of the highly innovative country and because japan is a country with good technology maybe it is great for them to use and accept cryptocurrency especially bitcoin . For sure it will be a nice experience for the people of japan as well as the tourists who also uses bitcoin as they can already use their bitcoin directly in japan .

[Anarchist]

I think the demand of bitcoin from japan is the reason of the good health of the bitcoin price. I am happy with, keep demanding folks and #MakeBitcoinGreatAgain 

[AK47-]

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.

Well, as far I know japan is one of the highly innovative country and because japan is a country with good technology maybe it is great for them to use and accept cryptocurrency especially bitcoin . For sure it will be a nice experience for the people of japan as well as the tourists who also uses bitcoin as they can already use their bitcoin directly in japan .

Yes, Japan is a country of technology. How they can miss an important part of technology that is bitcoin. Maybe their acceptance to bitcoin will motivate other countries too. Big days to come for bitcoin. 

[coinbitte]

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.

Is that to say no need to carry fiat currency from now on when traveling to Japan? 

[SvenBomvolen]

I think this is going to be the first step for Japan on the way for bitcoin adoption. They will see how this payments will work and after they will add something more and like step by step they will come to mass bitcoin adoption on their territory.

[Eternad]

I think this is going to be the first step for Japan on the way for bitcoin adoption. They will see how this payments will work and after they will add something more and like step by step they will come to mass bitcoin adoption on their territory.

it will definitely change ones country economy when bitcoin will be part of its transaction system,Its Japan way to start its progress since they see its ability to help ones country.

[italianMiner72]

I think the demand of bitcoin from japan is the reason of the good health of the bitcoin price. I am happy with, keep demanding folks and #MakeBitcoinGreatAgain 

if i check an hourly graph ...
i can see a double top...
it seem it can dump in ashot time!!!
good to buy more BTC!

[youdamushi]

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.

Ah now that's interesting.

The main trouble right now for btc is that no one is really using them because very few stores are actually accepting them ^^

If number of stores increase then the use of btc will too and that's what I call good news!

[SaShiRaJaVu]

I think this is going to be the first step for Japan on the way for bitcoin adoption. They will see how this payments will work and after they will add something more and like step by step they will come to mass bitcoin adoption on their territory.

Since they have legalized bitcoin there is a surge in the usage and till now they have got over eighteen applications till now for the approval of bitcoin exchanges and there would a huge investments coming into bitcoin from the Japanese market and that is driving the price and breaking all records ,what if more countries starts legalizing bitcoin ,the price would break the roof.

[Wintersoldier]

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.

It is great news on bitcoin. As you said Japan status in regards to bitcoin acceptance is growing for now. And we all know that japan is one of the developing country which is focus in technology wise. So if the japan will start the great way on accepting bitcoin as a payment on transaction it may lead on other countries on trying bitcoin as a Japan a same country will start it.   And as the technology brought by the Japan develops it is the beginning also on bitcoin development for more security and transactions.

[concept2]

Sure that they will. It will certainly open a new door to either bitcoin and cryptocurrency. I have heard that people try to accept BItcoin because they want to import the Ripple system to the bank. Well, hope that Bitcoin will soon appear all over the world

[leonair]

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

[dmamigo]

Sure that they will. It will certainly open a new door to either bitcoin and cryptocurrency. I have heard that people try to accept BItcoin because they want to import the Ripple system to the bank. Well, hope that Bitcoin will soon appear all over the world

Acceptance as a payment method by Japan would surely poke other countries and make them think of doing the same. Atleast they will give a thought about it which will have a a good chance of it being accepted by other countries as well.
I hope Japan will do it because they already accepted it as legal to use it. So lets hope for the best.

[BitcoinMarshal]

Is this the really reason why the price of bitcoin is sky rocketing? I think almost all of the country in the world accepts bitcoin for every individual.

This is really reason bitcoin is sky rocketing right now Japan done great job for Digital currencies if some other developed countries also follow them then we can expect this price could be more high because demand will go high with give us more stable