East Asia Crypto-friendly Nation.

isabellanoviya

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Asia is the largest continent in the world. The word of Asia means “sun rises” always the universal truth says the sun rises in the east direction. The crypto also raised in east Asia, especially in Japan. Japan is the 10th largest country in population so, the cash is still king in their economic status.

Cashless payment method


Japan has less demand in bank branches and ATMs.so, the younger generation is used cashless payment method. They followed the cryptocurrency and blockchain developments process to move ahead there life.

Who introduced the bitcoin in Japan?


Mizghuo financial groups plan to introduce the digital currency for cashless payment in their regional bank. They start there project named as the J-coin in 2017. They can use their digital currency in a dedicated app on their smartphone and the payments all made by the QR codes.

A benefit of accepts this project


The customer will not be charged any fee for transferring funds to their smartphones from bank accounts, returning funds to their account, sending funds to other customers.


Integrate a bitcoin payment system


The Akihabara is an electronic market place they regularly accept the fiat currency from there customer. Currently, there is only a small percentage of stores accepting Bitcoin, but there is rapid and recognizable growth.


Financial service agency in Japan


The financial service agency is a Japan government. They are responsible for the banking process, the overview of securities and issued the license for exchange platform. They released bitcoin is legal on March 24, 2017.

Japanese hometown is Tokyo


The FSA received 170 application to start there new exchange business based a cryptocurrency. some other crypto entrepreneurs select the already exist branded site to make a new site with there own name.

 
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