Despite Slump in Values, Bitcoin Scores Big Acceptance with Retailers

Despite losing up to 4% points of its value on Monday January 29th, Bitcoin has recorded massive PR victories this week with the announcement from three major businesses that they will henceforth accept the Cryptocurrency as a payment system.

In a prelude to a planned nationwide launch of Bitcoin payment systems in its stores in Japan, the consumer electronics giant Yamada Denki last weekend rolled out Bitcoin payment systems in two of its stores in the capital, Tokyo.

In a statement issued to show support for Bitcoin, the company said it plans to take steps that will help widen Bitcoin’s reach thus responding to the demands of their customers both locally and globally.

The Consumer electronics retailer is reportedly collaborating with bitFlyer, a major Japanese Bitcoin exchange, to allow customers to use the exchange’s point-of-sale (Pos) systems.

Another recent victory for Bitcoin came in the form of an announcement by a famous London boutique that it is now accepting the Cryptocurrency as a payment system.  One Hundred Concierge, one of the most prominent lifestyle management companies in the UK says it too will now accept Bitcoin for all its services ranging from luxury trips to animal exhibitions.

One Hundred Concierge specializes in making some of the most exclusive products available to their members while also helping members gain access to restricted or sold out events. The announcement means that customers could now enjoy first classes services from the company’s central London headquarters or all the other One Hundred Concierge locations in almost every major city in the UK paying in Bitcoin.

Another major coup for Bitcoin this week comes from the online gaming entity BitStarz Casino. The casino has completed an agreement with the Cryptocurrency so it will now accept Bitcoin deposits and wagers.

Bitcoin investors are excited about these recent announcements indicating widening acceptability for the Cryptocurrency that Warren Buffet thinks will not survive the test of time.






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