Japan's department store chain Marui begins testing Bitcoin payments

posted 11 months ago
A department store chain has become the latest mainstream retailer in Japan to accept bitcoin payments.

In partnership with cryptocurrency exchange bitFlyer, Tokyo-based Marui is testing bitcoin payments at one of its locations in Shinjuku. During the trial, which runs through October 31, it will set a cap of ¥100,000 (about $900) on bitcoin transactions.

The announcement is notable as Marui operates a number of department stores throughout Tokyo and Kyoto. Further, it comes at a time when merchants in Japan are showing an increasing interest in embracing cryptocurrency – one that finds them out of step with their peers internationally.
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