Yamada Denki, a network of electronics retail stores in Japan, has started a pilot program to support Bitcoin payment in its stores, with a partnership with bitFlyer.

More and more companies and companies are betting on cryptocurrencies for the payment of goods and services, because they are an investment that can give future returns, rather than charging with fiat money. The latest to support cryptocurrency payments is Yamada Denki, a chain of electronics retail stores in Japan, which has started a pilot Bitcoin payment program in two stores in Tokyo, before launching this level payment system. national, allowing it in all company stores.

This program was launched this weekend, beginning to support Bitcoin payments in a store based in Shinjuku, a very important shopping center, which houses half of a railway station, which is one of the busiest in the world and very well-located, which receives thousands of foreign visitors, according to the retailer. The second store is located in an area adjacent to Tokyo's most important shopping district.

We can read in the statement about the adoption of BTC by these electronics stores, ensuring that: 'In addition to diversifying the media, we will implement initiatives to improve the recognition of Bitcoins and the promotion of use. With the introduction of the Bitcoin payment service, we are responding to the diverse needs of our customers both in Japan and abroad. '

It should be noted that a payment cap has been implemented, allowing to pay at most an equivalent of 300.000 yen or $ 2.670. This is possible thanks to the fact that an agreement has been signed with the BTC service company, the Japanese bitFlyer, which will allow payment with this cryptocurrency using the latter's Point of Sale (PoS) payment infrastructure. Yamada Denki has also said that this is a testing phase and that they will deploy it nationally, if the reception is good and it works well at the national level.

The partnership with bitFlyer allows us to see an increase in retail stores that accept BTC, involving transactions of tens of millions of yen per month. 'Through collaboration with Yamada Denki, we are improving convenience for more customers in Japan and abroad,' read bitFlyer's press release.

This initiative by Yamada Denki is a response to the competition, Bic Camera, who a few months ago announced that it was also starting to test the payment with BTC in the testing phase, also in association with bitFlyer. These tests have been a success and a boost to the Bic Camera company, admitting payments through BTC in the 40 stores that they have throughout the country.