JR Group is currently planning to establish a cryptocurrency company to create its own exchange or infrastructure to process payments similar to Rakuten. This will potentially become the biggest stimulus in retail and mainstream cryptocurrency. Rakuten is speculated to have done so as profits do not need to be passed to a third party such as a cryptocurrency exchange or a payment service provider. Japan is already leading in merchant adoption such as Bic Camera which disclosed that usage of bitcoin across its stores nationwide has increased.

Source: https://www.btcnn.com/cryptocurrency-news/japanese-railway-company-may-accept-cryptocurrency-for-train-rides/

Leave a Reply

Your email address will not be published. Required fields are marked *