Japan: Crypto Payments accepted in Car Dealership and Taxi Service

Japan has taken another step ahead in the crypto space. A Major car dealership and airport limousine service have begun to accept cryptocurrencies as a form of payment.

Carchs Holdings and Hinomaru Limousine have now allowed for crypto payments at its used car dealerships and airport taxi services, respectively.

Airport Car Service by Hinomaru

Hinomaru Limousine, being one of the popular taxi services in Japan, has partnered up with Bitpoint, one of Japan’s regulated crypto exchanges. The trial for cryptocurrency payments will happen for two months between 6th November 2018 to 9th January 2019.

There are reports that state that if the trial is successful, it could be expanded to regular taxi services as well.

At present, the crypto payments will be accepted for services between the 23 wards of Tokyo and the city’s airports – Haneda and Narita. The vehicles will be a Tesla Model S (high-grade type) for four passengers and Toyota Alphard (minivan type) for four to six passengers, announce the exchange.

The fares range from 19,020 yen ($168) to 37,020 yen for Narita and from 8,300 yen to 15,600 yen for Haneda. To pay using cryptocurrency, passengers will need to be in possession of the Bitpoint wallet app on their smartphone. The exchange currently supports payments in BTC, BCH, and ETH.

Carchs Used Car Dealerships

The other announcement by Bitpoint was the alliance with Carchs Holdings Co. Ltd. to allow for cryptocurrency payments at its dealerships.

Two Carchs dealerships – Carchs Mega Sendai in the Hokkaido/Tohoku area and the Carchs Nangang in the Kansai area, have begun accepting cryptocurrency payments since Nov. 1.

The aim is to develop digital currency payments at all Carchs stores in the future.

Just like Hinomaru Limousine, the customers of Carchs will also need a Bitpoint account and the wallet app to pay with their cryptocurrency.

The popularity of cryptocurrency in Japan has been prominent for a very long time now. In December or 2017, Idom Inc., a major Japanese automotive group partnered up with Bitflyer, the country’s largest cryptocurrency exchange, to allow for Bitcoin payments across all its dealerships in Japan.

Link to the complete news article can be found here.

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