Blockchain News 29 January 2018

One of Japan’s largest electronics stores Yamada Denki now accepts Bitcoin

Yamada Denki, one of Japan’s largest electronics stores, has announced they are accepting Bitcoin as a payment method.

They are in partnership with Bitflyer, and to commemorate the new development, Bitflyer is giving a gift of 500 yen to the first 500 customers paying with the virtual forex.

South Korea’s retailer and e-commerce giant WeMakePrice to accept 12 cryptocurrencies

WeMakePrice, better known as Wemepu, one of South Korea’s largest e-commerce platforms and major retailers is planning on accepting 12 cryptocurrencies, including Bitcoin, in collaboration with Bithumb, the country’s largest cryptocurrency exchange.

WeMakePrice is adding cryptocurrencies to its existing payments platform OneThePay. Once the integration is complete, existing WeMakePrice users will be able to purchase items and services using cryptocurrencies.

In an interview with South Korean mainstream media outlet HanKyoReh, a WeMakePrice spokesperson stated that the company has come to the decision of integrating cryptocurrencies as a part of a larger initiative to ease the payment process for general consumers.

“…make payments more convenient for our consumers and clients. We consider mobile fintech apps, points, and cryptocurrencies as efficient payment methods,” said the spokesperson.

The company’s official statement mentioned: “bitcoin payment service… improved service and convenience.”

BTCC acquired by Hong Kong-based blockchain investment fund

Bitcoin mining and exchanges conglomerate BTCC has been acquired by an unnamed Hong Kong-based blockchain investment fund. The resources will help fund BTCC’s international focus as it exits the Chinese market.

BTCC’s business has been decimated by a regulatory crack-down in China, which banned cryptocurrency trading on exchanges based in the country. Beijing now has Bitcoin mining in its gun sights, according to recent reports in the FT and elsewhere.

A spokeswoman for BTCC said: “We currently aren’t releasing the information on the fund nor the amount of resources raised.”

The BTCC exchange traded more than $25 billion worth of coins in 2017. BTCC’s Mobi wallet, which was introduced in March 2017, now has customers from 180+ countries, added the spokeswoman.

In a statement BTCC co-founder Bobby Lee said: “Today’s acquisition is an incredible milestone for BTCC that validates all of our hard work over the past few years. I’m very excited about the resources this gives BTCC to move faster and aggressively grow our businesses in 2018 and beyond.”

Blockchain News 29 January 2018

Author: Sara Bauer

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