Retail Chain Yamada Denki Starts Accepting Bitcoin

A good news has been revealed for fans of bitcoin and people who commonly use the cryptocurrency. One of the largest consumer electronics retail chains in Japan, Yamada Denki, has decided to start accepting bitcoin payments.

Yamada Denki starts accepting bitcoin payments at two stores in Tokyo

Yamada Denki has confirmed the fact that it will start accepting such payments on its official website. The company revealed that initially two Tokyo stores will be accepting these payments, while then more stores might be added and the payments method can be usable at national level in all company stores.

The company clarified that the bitcoin payment option was launched during the weekend at these two Tokyo stores, meaning that customers can already use the cryptocurrency to make purchases. Without a doubt, it seems that Yamada Denki is one of the supporters of bitcoin. The company revealed that with the decision to accept bitcoin payments, it hopes to respond to the needs of a series of customers.

Yamada Denki has, naturally, also imposed a cap on the payments made with bitcoin at 300,000 yen, which is about 2,670 dollars. In order to be able to start accepting such payments, the company signed a deal with bitFlyer for point-of-sale payments infrastructure, as well as one with a bitcoin exchange operating in Japan.

This is not the first time when such a company decides to start accepting bitcoin. We can say the same about electronics retailer Bic Camera, which previously announced that it will accept payments in cryptocurrencies, and ended up accepting bitcoin at all of its 40 stores in Japan. Wemepu, another e-commerce platform, also launched bitcoin payments recently.

It is yet to see how successful the test made by Yamada Denki with these two stores will be and when the company will incorporate the rest of its Japanese stores.