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Japanese Can Soon Pay Their Utility Bills with Bitcoin

news.bitcoin.com

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Re: Japanese Can Soon Pay Their Utility Bills with Bitcoin

#4

Post by a_bonobo »

Arkaad wrote: post #3

* Some Japanese * Electricity Bill

The rollout map includes Kanto (Tokyo), Kansai (Osaka, Kyoto), Chubu (Nagoya), that is the majority of population in Japan: 42,607,376 + 22,755,030 + 21,714,995 = 87,077,401 out of a total of 127,110,047, 68.5%

Bigger map on homepage: https://coincheck.com/en/blog/2353

Re: Japanese Can Soon Pay Their Utility Bills with Bitcoin

#5

Post by dvcrn »

What is the advantage of this? Here in Japan every creditcard is giving you some kind of bonus program and encourages you to use that card for your bills so you automatically aggregate amazon / rakuten (japanese amazon competitor) / ANA / etc points.

I mean, I guess I could exchange every month my yen into bitcoins and then pay with it, but why?

Re: Japanese Can Soon Pay Their Utility Bills with Bitcoin

#7

Post by nicky0 »

dvcrn wrote: post #5

What is the advantage of this? Here in Japan every creditcard is giving you some kind of bonus program and encourages you to use that card for your bills so you automatically aggregate amazon / rakuten (japanese amazon competitor) / ANA / etc points. I mean, I guess I could exchange every month my yen into bitcoins and then pay with it, but why?

It would be convenient if you have an income or savings in Bitcoin.

Some people are attracted to using Bitcoin as a day to day currency and payments system, to reduce their dependence on mainstream banking. The "be your own bank" philosophy.

Admittedly right now Bitcoin seems like a novelty, but it will never reach wider use without small "pointless" steps like this.

Re: Japanese Can Soon Pay Their Utility Bills with Bitcoin

#8

Post by hkmurakami »

nicky0 wrote: post #7
dvcrn wrote: post #5

What is the advantage of this? Here in Japan every creditcard is giving you some kind of bonus program and encourages you to use that card for your bills so you automatically aggregate amazon / rakuten (japanese amazon competitor) / ANA / etc points. I mean, I guess I could exchange every month my yen into bitcoins and then pay with it, but why?

It would be convenient if you have an income or savings in Bitcoin. Some people are attracted to using Bitcoin as a day to day currency and payments system, to reduce their dependence on mainstream banking. The "be your own bank" philosophy. Admittedly right now Bitcoin seems like a novelty, but it will never reach wider use without small "pointless" steps like this.

> Some people are attracted to using Bitcoin as a day to day currency and payments system, to reduce their dependence on mainstream banking. The "be your own bank" philosophy.

Japan is, at least to my understanding, one of the last countries to develop such a mindset in the mainstream.

Re: Japanese Can Soon Pay Their Utility Bills with Bitcoin

#10

Post by nicky0 »

hkmurakami wrote: post #8
nicky0 wrote: post #7

Earlier quoted context omitted.

It would be convenient if you have an income or savings in Bitcoin. Some people are attracted to using Bitcoin as a day to day currency and payments system, to reduce their dependence on mainstream banking. The "be your own bank" philosophy. Admittedly right now Bitcoin seems like a novelty, but it will never reach wider use without small "pointless" steps like this.

> Some people are attracted to using Bitcoin as a day to day currency and payments system, to reduce their dependence on mainstream banking. The "be your own bank" philosophy. Japan is, at least to my understanding, one of the last countries to develop such a mindset in the mainstream.

Ah, that is very interesting. I am not knowledgable about Japanese culture, so my answer was addressing "why pay with Bitcoin" generally.
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