Mercari, the largest Japanese online platform for used goods, will accept Bitcoin in June. The company has been experimenting with cryptocurrencies for several years.
Mercari, the largest Japanese e-commerce platform for used trading, will begin accepting Bitcoin in June.
According to a report by the Japanese business magazine Nikkei, Mercari will work with the Japanese crypto startup Mercoin. This will convert all payments into yen; The prices will also be advertised in yen.
This means that all buyers on the platform can pay with Bitcoin from all sellers – but Bitcoin is degraded to a pure means of payment, no different than credit cards or PayPal.
At least the Bitcoins that Japanese people keep in their wallets are becoming a lot more useful. Through Mercari you can buy a lot of goods that people in Germany can only be jealous of.
Mercari was founded in 2013. The app-based marketplace is characterized above all by its simple user interface and has become Japan’s leading platform for used trading with 22 million users per month.
Mercari has also been operating in the United States since 2014. However, the company abandoned its attempt to gain a foothold in Europe in 2016 in 2018. However, the site is available in English, although it is unclear whether you can buy and sell goods from Europe.
With the spin-off of Mercoin, Mercari is increasingly bringing crypto services to the platform. The startup, founded in spring 2021, collaborated on a series of baseball NFTs that same year. A year later, Mercoin received a license as a crypto exchange. You can now also use the Mercari app to buy Bitcoins or exchange Mercari points – which you receive for successful transactions – for the cryptocurrency.