By This Summer, Bitcoin Will Be Accepted at More Than 260,000 Stores in Japan
IN BRIEF Retail shops in Japan, in partnership with two of the largest bitcoin exchanges in the country, are adapting Bitcoin as currency for transactions. This move will lead to over 260,000 Japanese stores accepting Bitcoins. A FINANCIAL REVOLUTION Many contend that Bitcoin has long since passed its shadowy reputation for being the transaction standard for the internet’s darker corners . Bitcoin trading, for one, has reached record-breaking values . Now, major bitcoin exchanges in Japan are teaming up with retailers to start a transaction revolution that would allow stores to accept Bitcoin payments. Bitcoin is an example of a cryptocurrency , i.e., a digital currency that’s based on a data structure called Blockchain . A blockchain is a digital ledger that allows for recording and keeping transactions in a decentralized and cryptographically secured manner. Each block in a blockchain is maintain by so-called “miners” thr...