Watch: Japanese Company Yamada Is Now Accepting Bitcoin As Payment

Japanese consumer electronics retailer Yamada Denki has partnered with cryptocurrency exchange bitFlyer to add a bitcoin payments service in two of its stores. One of the stores to receive the new service is based in Shinjuku, Tokyo. the company indicated it aims to respond to the diverse needs of its customers both in Japan and overseas. Yamada Denki has set the settlement limit of bitcoins equivalent to 300,000 Japanese yen ($2,760) per account. in August, Tokyo-based Marui, a department store chain, tested bitcoin payments at one of its locations in Shinjuku. The trial set a cap of ¥100,000 (about $900) on bitcoin transactions.