Why Japan is Leading the Way in Bitcoin

japanflagJapan has always been a progressive nation and one that remains ahead of the game with things like technology. They are a world leader in development and industry, and one of the most advanced nations on the planet. So, it should come as no surprise to hear that Japan is leading the way when it comes to Bitcoin.

Indeed, the cryptocurrency has grown in its sphere of influence over the past few years, and this is something we need to keep an eye on. But, there are some places in the world where Bitcoin is more commonplace than others. You will notice that there are a decent number of online companies and websites accepting Bitcoin as a form of payment, but not as many as you may have thought.

However, this is where Japan are leading the way because they have fully embraced the Bitcoin revolution. In fact, studies have illustrated that Bitcoin acceptance is starting to grow in Japan, and it looks likely that as early as this year, 260,000 Japanese stores will start to accept Bitcoin. This is a revolutionary move and one we have never seen before in terms of Bitcoin growth.

Yes, Bitcoin has a history linked to the Darknet, and for many years this has wound up putting people off. But, we are well past this point now, and many view Bitcoin as being the future of the economic world. The benefits to companies and customers are obvious with Bitcoin. Transaction times become much quicker and more efficient, and there is much better security for all. Furthermore, there is no middleman, so people don’t have to worry about banks interfering.

It’s a wonder more companies haven’t started to champion Bitcoin as a result, and this is something we might see more of in the future. But it looks like Japan, predictably, are leading the way with this. Two electronics retailers have decided to trial Bitcoin payments in their stores, and this could well open the door for a lot more interest and other businesses following suit.

Digital currency is the future, and the more businesses that get on board now, the better. How long will it be before the world follows in Japan’s footsteps, and we see Bitcoin as a ubiquitous currency in stores and organisations throughout the world?