In the initial stage, this system will be set up in only 2 store locations; Concept Lab Tokyo and in Shinjuku East Pavilion. Few of the prominent features of these crypto payments would be:
- There will be payment limit option of 300,000 YEN at this early stage.
- However, first five hundred customers who have bitFlyer wallet will be receiving five hundred YEN to use it as they like.
Acceptance of Crypto Payments by Wemakeprice
Wemakeprice which is also known as Wemepu is joining Bithumb for integrating twelve forms of cryptocurrency payments on their site. These 12 cryptocurrencies are:
- Bitcoin Cash
- Ethereum Classic
- Bitcoin Gold
Acceptance of Crypto Payments by Bic Camera
Similar to Yamada Denki, Bic Camera is another electronics retailers in Japan has started using a new PoS which will let customers buy goods with the help of Bitcoins.
The Overall Picture
With mainstream adoption of Lightening network on the horizon and Yamada Denki’s interest in using only Bitcoin as its sole crypto-payments option, there are speculations that the electronics retailer might already be involved in Lightening Network.
We will have to wait to see if acceptance of crypto payments becomes a global phenomenon and check whether it moves beyond Asia into other regions.