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Japanese e-commerce giant integrates encryption wallet and payment application, allowing Bitcoin to be directly spent.
A well-known Japanese e-commerce group recently announced that its crypto assets wallet service has been integrated with a payment application, providing users with a more convenient digital asset consumption channel. This initiative will enable consumers to directly use Bitcoin and other crypto assets for payments in their daily lives.
According to the latest news, users of the company's payment application can now deposit their Bitcoin, Bitcoin Cash, and Ether into their payment accounts. This mobile payment application is widely used by many large and medium-sized retailers in Japan, providing consumers with convenient payment options.
As early as 2019, the company allowed consumers to exchange loyalty points for cryptocurrencies such as Bitcoin. Today, by integrating crypto wallets, electronic money services, and payment applications, users can spend crypto assets at various well-known chain stores, including fast food restaurants, department stores, and convenience stores.
It is reported that there are no fees for exchanges between fiat currency, electronic currency, and Crypto Assets. However, there is a minimum spending limit of 1000 yen (approximately 9.40 USD) per transaction, and a monthly spending limit of about 100,000 yen (approximately 940 USD).
To use this new feature, users must become a member of the company and open a trading account in their crypto assets wallet. To encourage consumers to try this new service, the company will also offer small point rewards.
This initiative not only reflects the company's innovative spirit in the field of digital payments but also opens up new avenues for the application of Crypto Assets in everyday life. As more and more businesses begin to accept Crypto Assets as payment, we may be witnessing a new chapter in the digital economy.