Luxurious Japanese Car Dealer to Allow up to $1M in Bitcoin for Its Automobiles

A Japanese auto dealership that offers utilized imported extravagant autos with showrooms in the Japanese city of Tokyo is now accepting Bitcoin as a mode of payment for its very luxurious vehicles.

Reported by bitFlyer, Japan’s biggest digital money trade, an organization with auto dealership L’Operaio will launch the innovation that will allow the merchant to accept Bitcoin as a form of payment from clients.

Clients should download and utilize bitFlyer’s versatile wallet application – accessible in iOS and Android – to make buys of up to 100 million yen, or just shy of $1 million, utilizing the world’s first and most unmistakable cryptographic money.

bitFlyer says the settlement of the exchange will just take a “couple of moments”. Three Tokyo stores in Setagaya, Nerima and Aoyama have just started accepting Bitcoin with plans to extend the payment system to all dealerships across the country in the following months.

The Tokyo-based crypto trade has just joined with household electronic retail giant Bic Camera to empower Bitcoin installments following a fruitful year long trial. That pattern is getting on, with one of Japan’s biggest gadgets retail chains Yamada Denki likewise allowing Bitcoin payments utilizing bitFlyer’s purpose of-offer (PoS) payments system.

bitFlyer has recently given its exclusive blockchain ‘miyabi’ to some Japanese banks for testing the suitability of blockchain innovation in local cash exchanges.