Mercari Aims to Accept BTC Payments

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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.

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