Japanese Electronics Retailer Bic Camera to Accept Bitcoins (News)


Tokyo, April 5 (Jiji Press)—Major Japanese electronics retailer Bic Camera Inc. said Wednesday it will start accepting bitcoin payments at some stores, mainly to attract foreign visitors who use the virtual currency.

Shoppers will become able to pay in bitcoins when their smartphones read two-dimensional barcodes to be shown on displays at Bic Camera stores.

Customers can pay a maximum of ¥100,000 in bitcoins per transaction, but they need to pay commissions. They will receive the same loyalty points as customers who pay in cash.

Trial payments will begin in the company's Yūrakuchō and Shinjuku Higashiguchi stores. Based on the results, the trial may expand to further locations.

Bic Camera will use a payment system developed by the bitcoin exchange operator bitFlyer Inc. It is thought to be the first large Japanese retailer to allow customers to pay with bitcoins.

[Copyright The Jiji Press, Ltd. Content edited by the Nippon.com editorial team.]

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