Archive | merchants

Fork Watch: JP Powerhouse Coincheck Now Unlikely to Suspend Bitcoin Payments

Currently, over 5,000 Japanese stores and restaurants use Coincheck Payment service to accept bitcoin payments. The bitcoin exchange previously announced that it would suspend this service on August 1. However, on Thursday, the company said it will no longer suspend this service, so merchants can keep accepting bitcoin payments, with a few restrictions. Also read: Thousands […]

Suspension Lifted: Japanese Exchanges and Merchants Resume Bitcoin Services

Japanese exchanges have resumed bitcoin deposits and withdrawals after suspending them on July 23. These exchanges are members of the Japan Cryptocurrency Business Association (JCBA). Merchant services were also suspended, causing Japanese retailers to halt taking bitcoin payments during that time. Also read: Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1 The July […]

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1

Over 5,000 retail stores and restaurants across Japan that currently accept bitcoin payments may suspend bitcoin use in their stores on August 1 if their bitcoin payment processors halt services. Also read: 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 Retail Stores May Suspend Bitcoin Payments Ever since the Japanese government started […]

Visa Entices Small Merchants With Payment Technology Upgrade if They Stop Accepting Cash

No one is surprised Visa has no love lost for cryptocurrency users. However, the company also wants to abolish cash payments. After all, cash transactions are a threat to the card payment infrastructure. The company has now extended a new offer to small merchants. In exchange for a payment technology upgrade, these shops have to […]

Rollout of 260,000+ Bitcoin-Accepting Stores in Japan Begins

Three months after Recruit Lifestyle partnered with Japanese bitcoin exchange Coincheck to enable over 260,000 retail stores to accept bitcoin, the company has finally announced on Monday that its point-of-sale app is now bitcoin-ready. Immediately, a chain of 334 eyeglasses stores using the app announced that it will accept the cryptocurrency starting July 10. Also […]

Mining, Merchants, and Traders—Thailand’s Got the Bitcoin Fever

Over the past year, the use of cryptocurrencies in Thailand has been growing significantly as there have been many reports of citizens catching the “bitcoin bug.” Also read: India’s Finance Minister Holds Private Meeting On Bitcoin Regulation Thailand’s Queen Sirikit Convention Center Fills With Cryptocurrency Mining Enthusiasts On June 22 a large group of people gathered […]

Burger King Russia Franchise Plans to Accept Bitcoin Payments This Summer

According to the regional news outlet, Uznay Vse, a Russian Burger King located in Moscow has begun testing bitcoin payments for food and drink purchases. The option to use the decentralized currency at Burger King Russia locations is expected to be rolled out across a few more restaurants in the country by the end of […]

Indospace Allows Cannabis Merchants to Accept Bitcoin Effortlessly

This week spoke with Justin Nahin, the founder of Indospace, a payment platform startup connecting cannabis dispensaries with bitcoin. Also read: Bitcoin Price Skyrockets — Touches $2860 Across Global Exchanges is the first online payment solution that incorporates a dispensary’s updated menu with a bitcoin checkout. The company is a white label bitcoin payment platform that […]