Cointime

Cointime

Download App
iOS & Android

Japan's Largest Second-Hand E-Commerce Platform Mercari Now Accepts Bitcoin Payments: A Game-Changer Starting June

Validated Project

Japan's preeminent second-hand e-commerce platform, Mercari, is all set to adopt Bitcoin as a payment method from June. Partnering with its crypto subsidiary Melcoin, Mercari will facilitate Bitcoin transactions, converting them into Japanese Yen for the sellers, while buyers enjoy the flexibility of using digital currency.

Further reading：Japan’s Progressive Crypto Tax Reform: Exempting Unrealized Gains

Although products on Mercari will continue to be priced in Yen, the option to pay in Bitcoin adds a new dimension to the shopping experience. This strategic move is not just about incorporating a cryptocurrency payment system but also about expanding the platform's reach and versatility.

Founded in 2013 and making its IPO on the Tokyo Stock Exchange startup board in 2018, Mercari has become Japan's top destination for second-hand goods. With a fundraising of over 110 billion Yen, Mercari's market value currently stands at 2.85 billion USD. As of July 2023, the platform boasts a staggering 22 million active monthly users.

Further reading：Visa Launches ‘Web3 Loyalty Score’ Program: Brands to Offer Digital Wallets for Customers with Reward Points Exchangable for Perks

Cryptonews reports Mercari's recent ventures into the cryptocurrency market, including the introduction of "Mercoin", a service allowing users to buy and sell Bitcoin using their platform sales revenue. Furthermore, the Mercari Bitcoin platform has a loyalty points system, enabling users to convert points into Bitcoin. Within just seven months of its launch, this initiative attracted over one million users.

(via Mercoin)

Japanese e-commerce platforms are increasingly becoming conduits for Bitcoin adoption. Notably, Rakuten Group, another major e-commerce player, entered the crypto space even before Mercari. Rakuten's integration of its loyalty points program with its crypto wallet service has been a significant move. Recent surveys revealed that most Japanese crypto traders prefer using Mercari's Bitcoin app or Rakuten Wallet for their crypto transactions, overshadowing the nation's largest exchange, bitFlyer.

(via MMD研究所)
  • Mercari's Bitcoin payment option marks a significant shift in Japan's e-commerce sector.
  • This development paves the way for increased cryptocurrency adoption among Japanese consumers.

Click here to register with DigiFinex and enjoy cryptocurrency trading.

Keywords: Mercari, Bitcoin Payments, Japanese E-commerce, Melcoin, Cryptocurrency Adoption, Rakuten, bitFlyer, Digital Currency Integration

Comments

All Comments

Recommended for you

  • U.S. consumer confidence improves again in November, reaching a two-year high

    Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023.

  • Starknet: Phase 1 of STRK staking is now live on the mainnet

    Starknet announced that the first stage of STRK staking has officially launched on the mainnet.

  • CZ: Not trying to end the meme craze, just encouraging more builders

    CZ posted on X platform today, saying: "I am not against Meme coins, but Meme coins have become 'a little' strange now. Let's use blockchain technology to build practical applications." Some community users said that even Musk is a supporter of Meme coins, and it is very difficult to end this frenzy. CZ responded that "there is no attempt to end anything, everyone has the right to choose to invest or hold what they want. Just encourage more builders."

  • Talus Network Completes $6 Million Strategic Round of Financing with a Valuation of $150 Million

    decentralized AI protocol Talus Network raised $6 million in a strategic financing round led by Polychain Capital, valuing the company at $150 million. This funding will help further develop the Talus ecosystem, including the Protochain, Nexus framework, and "AI dating experience" application.

  • AXIOS: Trump is considering appointing a secretary of state for artificial intelligence

    according to AXIOS, Trump is considering appointing an AI minister to coordinate federal policies and government use of emerging technologies.

  • Coinbase International has launched COW perpetual contracts

     Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available.

  • Schuman Financial Completes $7.36 Million Seed Round, Led by RockawayX

    Schuman Financial has completed a $7.36 million seed round of financing, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund and Bankless Ventures. In addition, Schuman Financial has launched a euro stablecoin, EURØP, which complies with the MiCA standard.

  • QCP: BTC's path to $100,000 has stalled, and ETH implied volatility has turned to put options

    QCP Capital has published an analysis indicating that the recent drop in the price of Bitcoin has resulted in long liquidations exceeding $430 million. This drop coincides with the end of five consecutive days of net inflows for spot ETFs, which recorded a outflow of $438 million on Monday, while MicroStrategy fell by 4.4%. With the US holiday approaching and no immediate catalyst to push prices higher, BTC's path towards $100,000 has stalled. In addition, the implied volatility of ETH has turned to bearish options rather than bullish options, and market concerns about downside risks may intensify, especially with the release of the FOMC meeting minutes and PCE data. However, in the long run, this market decline is not an excessive correction. Bitcoin has only retreated to last week's level. Since Trump's election, the market has become extremely overbought and leveraged, so a pause is inevitable.

  • Binance will delist GFT, IRIS, KEY, OAX, and REN

     Binance will delist the following trading pairs on December 10, 2024: GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Additionally, Binance Futures will close all positions and automatically settle the KEYUSDT and RENUSDT USDⓈ-M perpetual contracts on December 3, 2024 at 09:00 (UTC). After the settlement is completed, the contracts will be delisted.

  • Web3 Channel ·

    Bull Market Frenzy: M3 Ecosystem Tokens Deliver Massive Returns

    Rocket aims to unearth high-quality projects and create more wealth-building opportunities.

    Bull Market Frenzy: M3 Ecosystem Tokens Deliver Massive Returns

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company