Last Updated on January 9, 2024 by Bitfinsider
According to Nikkei, Mercari, Japan’s digital flea market platform with over 22 million monthly active users, plans to enable customers to buy things using bitcoin by June of this year.
Bitcoin payments will be hosted by Mercoin, the company’s blockchain subsidiary located in Tokyo. While pricing on Mercari would still be listed in Japanese yen, users of the app would be able to make purchases using the world’s biggest cryptocurrency by market capitalization, according to the article.
Mercoin intends to function as a middleman, transferring bitcoin to the seller in yen and charging transaction fees comparable to those charged for transactions in fiat currency. It is unclear if consumers would be charged the same amount of fees.
According to its website, Mercari will establish its own bitcoin exchange in March 2023, enabling users to buy bitcoin via the app using their bank account balance, sales revenues, and free points gained from platform selling activities.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.