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Mercari w 22M users adding BTC Payments (Patreon)

Published:
2024-01-08 19:16:42
Imported:
2024-01
Tags:

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as if we could not get any more good news

holy crap 

Japan's e-commerce giant Mercari, with 22 million monthly active users, plans to enable bitcoin payments for purchases on its app by June, according to Nikkei.

The payment process will be managed by Mercari's blockchain subsidiary, Mercoin, allowing users to pay in bitcoin while prices remain displayed in Japanese yen.

Mercoin will act as an intermediary, converting bitcoin to yen for the sellers, with transaction fees expected to be similar to those for fiat currency sales, although exact fee details are unclear.

Mercari launched its own in-app bitcoin exchange in March, allowing users to purchase bitcoin through the app using their bank account balance, sales proceeds or points earned from selling activities on the platform

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Anonymous

Perhaps Mercari wants to add BTC to its treasury. Maybe they've caught on to Saylor's strategy.

Anonymous

Currently, Japanese companies have to pay tax on unrealised crypto gains (they pay tax on the crypto whether they sell or not). This will change from this year (2024) as the government finally approved a revision to the tax rules which means if companies hold assets long term they don't have to pay tax on unrealised gains anymore. Many businesses have been pushing for this for a long time. I imagine this played a large part in Mercari's move. Crypto is taxed quite unfairly in Japan (imho).