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Bitcoin Continues to Spread in Japan

Japan is a very interesting country when it comes to cryptocurrencies.. Recently accepted Bitcoin as a payment method with regulations in the country. Accordingly, the number of outlets accepting Bitcoin has also increased.. Ticket Camp is a very popular ticket exchange market in Japan. Considering that it has approximately 5 million active users, we can see that it is not something to be taken lightly.. Users of this platform can now pay with Bitcoin.

Bitcoin has been accepted very quickly in Japan.. Most major businesses now accept Bitcoin. It is thought that the number of these businesses will increase rapidly over time.

Ticket Camp Now Accepts Bitcoin Payments

If we look at the ticket industry in Japan , Ticket Camp includes Bitcoin transactions. is the first company to agree to. Cryptocurrencies are legal in the country and the excise tax on them has been removed. While it is almost as valid as the Yen, it turns out that it is less accepted when compared to the Yen.

Considering that the platform is internet-based, it is quite plausible that they accept digital payments.. While Bitcoin won’t be able to replace traditional money within Ticket Camp, it’s still a nice addition. Sellers can adjust the ticket price as they wish.. In addition, the platform implements the escrow system so that the payments arrive properly. However, it is unknown how the company fends off fake tickets.. After all, such companies are not left alone by people who want to pass with fake tickets.. Fighting this trend is difficult, if not impossible.

Ticket Camp charges 13% for each sale. This fee is split between the seller and the buyer. It’s still unclear whether the company will keep its stake in Bitcoin or convert it to fiat money immediately.. CoinCheck will handle all Bitcoin transactions. This is another interesting development in Japan.. Although the country is currently at a very high level in terms of knowing and using Bitcoin, it is far from its main unit at this point.. It will be very interesting to see how it develops in a few years from now.

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