Japanese company Money Partners launches Bitcoin bank card, Bitcoin will be used all over the world

Golden Finance News - It is understood that after Japan has gradually implemented Bitcoin settlement in many aspects of Bitcoin payment, it has taken new actions!

Japanese exchange companies jointly create and upgrade the company's stored value card Manepa. Image source: Golden Finance

——Bitcoin was designated as a legal payment method in Japan on April 1. After the news was announced, the price of Bitcoin immediately rose.

It is now legal in Japan to use Bitcoin for payments and remittances, and the use of digital currency also enjoys sales tax exemption.

——In addition, after Bitcoin was legalized, two Japanese retail giants, Bic Camera and Recruit Lifestyle, announced that they would begin accepting Bitcoin payments. The application "AirREGI" developed by Recruit Lifestyle will make it easy for merchants to accept Bitcoin payments. It is expected that by the end of this year, more than 250,000 Japanese retailers may accept Bitcoin payments.

——In other news, a Japanese public institution organization said that Hirosaki City (a Japanese city) has begun accepting Bitcoin donations. After Japan just added 260,000 merchants accepting Bitcoin as a payment method,

It is now legal to use Bitcoin for payment and remittance in Japan. Image source: Golden Finance

According to Japanese media TV NHK, the park in Hirosaki City attracts at least 2 million visitors every year during the flowering season. Therefore, the protection of these cherry trees is very necessary, and it costs hundreds of thousands of dollars every year.

Reports indicate that Bitcoin could provide fundraising solutions for other Japanese city governments, with officials in Hirosaki Prefecture also choosing to accept Bitcoin to encourage overseas donations.

City officials reportedly chose to accept Bitcoin to encourage overseas donations because the currency is popular abroad and remittance fees are relatively low.

——In the financial industry, it is reported that Japanese Bitcoin exchange Zaif will work with Japanese Money Partners to jointly create and upgrade the stored-value card Manepa issued by the company. Through this move, Bitcoin consumer payments will be tried to expand to the global scope. In the future, Bitcoin payments are expected to be made at MasterCard consumer merchants around the world. It is understood that this cooperation will achieve the following:

——Bitcoin can be directly recharged to the Manepa card and automatically converted into Japanese yen. The Manepa card can be used for consumption at MasterCard merchants around the world.

——The Bitcoin recharged in the Manepa card can be exchanged into corresponding foreign currencies through money partners, so that it can be spent around the world.

——Bitcoins in the Manepa card can be withdrawn in local currency at MasterCard ATMs worldwide.

According to reports, there are currently six supported currencies, namely the US dollar, Japanese yen, euro, Australian dollar, British pound and Hong Kong dollar. At the same time, the service will be officially launched on April 19.