With the use of virtual currency spreading especially overseas, more retailers in Japan are opening up to payments from tourists via the blockchain technology.
Electronics retailer Bic Camera Inc. announced Wednesday its outlets will start accepting payments by bitcoin for purchases of up to ¥100,000 on a trial basis at its flagship store in Tokyo's Yurakucho district and Bicqlo Bic Camera in Shinjuku from Friday.
The company said it is introducing the new payment option, which it claims is a first for a major retailer in the nation, out of the belief that the use of the virtual currency will become more common among domestic consumers. It also said the move would attract more foreign tourists to use the cryptocurrency.