A large Japanese department store chain, Marui, has partnered with bitcoin exchange Bitflyer to accept bitcoin payments starting on August 7. Marui has become the first major department store chain in Japan to accept bitcoin.
Marui Shinjuku Annex Accepts Bitcoin
Major Japanese Department Store Marui Accepts Bitcoin
Shinjuku Marui Annex
On Friday, Marui Group announced that it has partnered with Bitflyer, Japan’s largest bitcoin exchange by volume and merchant services provider, to start a trial to accept bitcoin payments.
Initially, the group will only test this payment method at one of its locations, with the possibility of expanding it to more stores in the future. The Shinjuku Marui Annex will accept bitcoin between August 7 and October 31. This trial run is similar to
Shinjuku is a major commercial and administrative centre in Tokyo, home to the world’s busiest train station as well as the Tokyo Metropolitan Government Building.
Only Bitflyer’s wallets, available on iOS and Android, can be used at Shinjuku Marui Annex initially. Customers scan the QR code on the store’s tablet at the point of sale with their smartphone camera. Transactions are settled in “a few seconds,” Bitflyer said.
To commemorate the event, Bitflyer is also conducting a drawing to give away 3,000 yen to 10 customers who spend more than 3,000 yen in bitcoin.