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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?
Earlier quoted context omitted.
Ah, that is very interesting. I am not knowledgable about Japanese culture, so my answer was addressing "why pay with Bitcoin" generally.
Japanese culture is so hard to predict when it comes to tech uptake - you see an 80-year old man play with his Nintendo DS at the bus stop, Kyoto City is covered by free Wifi, Internet is fast and cheap, but the ATM closes down at 6pm and your hotel room advertises free fax (which you may actually end up needing)
A friend of mine who lives in Tokyo told me that in Japan it's near impossible to transfer money from one bank to another. He told me the way Japanese people transfer money between banks was to draw the cash out in one and pay it in to another. I'm prepared to be corrected if this tale isn't true. However, with this in mind, it seems like quite a leap from a non-electronic intra-bank system to Bitcoin. On the other h…
* 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
Lol, you mean the 0.0001 percent of Most Japanese actually.
A friend of mine who lives in Tokyo told me that in Japan it's near impossible to transfer money from one bank to another. He told me the way Japanese people transfer money between banks was to draw the cash out in one and pay it in to another. I'm prepared to be corrected if this tale isn't true. However, with this in mind, it seems like quite a leap from a non-electronic intra-bank system to Bitcoin. On the other h…
> The service is the first of its kind in Japan, where Bitcoin is still a novelty in daily consumer life. Where is Bitcoin not a novelty in daily consumer life?
Definitely not a novelty. Lots of people use it to pay for ransomware.
Earlier quoted context omitted.
Japanese culture is so hard to predict when it comes to tech uptake - you see an 80-year old man play with his Nintendo DS at the bus stop, Kyoto City is covered by free Wifi, Internet is fast and cheap, but the ATM closes down at 6pm and your hotel room advertises free fax (which you may actually end up needing)
Atm does not close anymore at 6pm. You are 10 years behind.
Earlier quoted context omitted.
> 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.
So the originators name Satoshi Nakamoto hasn't inspired more bitcoin adoption in Japan than elsewhere?