Peach Aviation, the Japanese low-cost carrier owned by Japan’s largest Airline, ANA, becomes the first in the country to allow fliers to pay for tickets with bitcoin.
Get exclusive analysis of bitcoin and learn from our trading tutorials. Join Hacked.com for just $39 now.
In a first, a Japanese airline will accept bitcoin for tickets amid the rising popularity of bitcoin in the region. Announced today, Peach’s decision to accept the world’s most popular cryptocurrency comes following a handful of significant recent legal changes.
Chief among them is Japan’s classification of bitcoin as a recognized method of legal payment after passing bills to underline digital currencies as the digital equivalent of paper money last year. Come July, Japan will now longer impose the 8% consumption tax rate on bitcoin buying through exchanges. All of which has led to Japan becoming the world’s leading market for bitcoin trading in recent months.
The airline is aiming to soar on bitcoin’s popularity by collaborating with local governments and companies in Japan to help ‘spread usage’ of bitcoin, the company told reporters in Tokyo on Monday. There’s plenty of momentum for such a cause, with up to 260,000 Japanese retail storefronts set to accept …Read more →