Japan has seen a massive boost in the adoption of bitcoin almost immediately after the initial move toward a regulatory framework and exemption of taxes for cryptocurrency. The trading volume of bitcoin exchanges surged and most importantly, unlike many other regions, the Japanese bitcoin industry has been treating it as a digital currency or cash, rather than as digital gold or a safe haven asset.
Most recently, one of Japan’s leading budget airlines Peach announced the integration of bitcoin payments by the end of 2017 as a more important part of the firm’s long-term vision to accommodate tourists across Asia.
An important aspect of this project of Peach is that the company is operated by the largest airline in Japan called ANA, which holds a 66 percent stake in Peach. Ultimately, the decision of Peach to accept bitcoin payments for its flight bookings was approved by ANA, and is expected to increase the demand for bitcoin further.
Shinichi Inoue, Chief Executive Officer of Peach, stated at a press conference:
“We want to encourage visitors from overseas and the revitalization of Japan’s regions. This is a real first step in partnerships for Japan, and we are aiming for more company and
Read more ... source: BTCManager
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