Sign Up on MEXCBitcoin Payments to Be Valid At Japanese E-commerce Giant Mercari Very Soon
Businesses in the crypto-friendly country of Japan are now looking at ways to boost Bitcoin adoption. One of Japan’s largest e-commerce platforms Mercari stated that it will start accepting Bitcoin payments on its platform starting June 2024.
Mercari Subsidiary to Accept Bitcoin Payments
As reported by Nikkei, the company will facilitate Bitcoin transactions through its Tokyo-based cryptocurrency subsidiary, Melcoin.
Melcoin will be responsible for converting all Bitcoin payments into Japanese yen. This means that while buyers have the option to pay with BTC, vendors will receive the equivalent amount in fiat currency. Notably, Mercari will refrain from displaying prices in Bitcoin, maintaining the listing of items for sale in Japanese yen.
Despite not denoting prices in Bitcoin, customers will have the flexibility to select BTC as a payment method when conducting transactions on the Mercari platform. This move signals a notable embrace of cryptocurrency within the Japanese e-commerce landscape.
Established in 2013, Mercari has evolved into Japan’s largest community marketplace platform. As of July 2023, the company reported an impressive user base of 22 million monthly users. Mercari has also been actively expanding its footprint in international markets, with a particular focus on Europe.
In recent months, Mercari has ventured into the cryptocurrency space by introducing various crypto-related products. Notably, the company launched the Mercari Bitcoin crypto trading service. This service enables users to engage in the buying and selling of Bitcoin using the proceeds generated from their sales on the Mercari platform.
Furthermore, Mercari’s platform incorporates a loyalty points system, intricately linked to its crypto trading arm. This innovative integration allows Mercari users to exchange their accumulated loyalty points for Bitcoin, further bridging the gap between traditional e-commerce and the world of cryptocurrencies.
Japanese Businesses Offering Gateway for Crypto
- First U.S. Spot Dogecoin and XRP ETFs Launch as REX-Osprey Debuts DOJE and XRPR
- Analyst Calls $6 XRP Target for November Amid Ripple CEO’s White House Stockpile Hint
- Ethereum Faces Selloff Risks As Whales’ Unrealized Profit Hits 2021 Highs
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Bitcoin Will 200x From Here, Twenty One Capital CEO Says as BTC Breaks $117K After Fed Rate Cut
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
