BY Jasmine Solana ON October Ten,
Mainstream Bitcoin adoption proceeds ter Japan, and this time with a little bit of boost from cryptocurrency exchange bitFlyer.
The Tokyo-based exchange, considered to be the largest te Japan by trading volume, introduced last week its own reloadable Visa-powered prepaid card. Embarking Oct. 6, Bitcoin users ter the country can apply for the bitFlyer-branded prepaid card, which they can fund with Bitcoin and use at stores te the country that accept Visa cards.
bitFlyer said on its webstek that the cards are free to use, and doesn’t require an admission toverfee strafgevangenis will it charge an annual toverfee. However, there is a JPY30,000 (USD266) limit vanaf explosion, spil well spil a monthly fountain limit of JPY120,000 (USD1,067) and a lifetime stream limit of JPY1 million (USD8,894).
The bitFlyer prepaid card has a five-year expiration date, and its cálculo cannot exceed JPY100,000 (USD889), according to the company.
To avail of the bitFlyer Visa prepaid card, customers very first need to apply on Vandle Card’s webstek. Vandle is a product of Kanmu Inc. and Orico Corporation, which has partnered with bitFlyer for the prepaid cards. Customers are urged to register the cards with the exchange merienda they received their bitFlyer-branded prepaid cards te the mail.
Spil part of the launch, bitFlyer also announced a lottery draw to give away gifts to 1,000 “Trade Class” customers who have signed up for the Visa prepaid cards inbetween October 6 and October 22.
“Those who have confirmed transactions at the time of application deadline will be eligible (Trade class only),” the exchange said. bitFlyer has two account classes: the Wallet Class, which doesn’t permit its users to buy or sell digital currencies, and the Trade Class.
Bartek Ringwelski, COO of bitFlyer USA, described the Visa prepaid cards spil a “missing lump of the puzzle” that will thrust Bitcoin adoption te Japan even further.
“The bitFlyer prepaid Visa card will permit even more Japanese consumers to interact with Bitcoin ter a convenient and frictionless manner,” Ringwelski told CalvinAyre.com.
bitFlyer has yet to confirm if the Visa prepaid card will also be making its way to the United States. The Tokyo-based cryptocurrency exchange, which has opened an office ter the financial district of San Francisco, is eyeing to embark its U.S. operations by the fall of .
bitFlyer said it will originally suggest Bitcoin-to-USD trading for “professional traders and institutions” ter the United States when it launches, but there are plans to expand the operations to support other trading pairs and products.
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