Ever since the Mt.Gox debacle Japan has had some bad reputation when it comes to digital currency.Regardless of the “bad rep” innovation hasn’t been standing still in the land of the rising sun. There are 2 very interesting developments that we will discuss in this article.
The first one is Bitbank. So we let Miss Emily Liu, who is a spokeswoman for Bitbank, enter the stage and explain to us what Bitbank is. “Bitbank Inc is built with very experienced people, who I can describe as being bitcoin enthusiasts. The fact that we are all devoted to bitcoin and each of us experienced in different fields, gives us the confidence that we will accomplish our goal of promoting bitcoin to Japan…. We aim to be a trusted provider of bitcoin related services in the fast growing digital currency landscape in Japan. After the Mt.Gox fiasco, trust is an important and integral part of our company policy.
We are currently trying to do a second round funding for certain services. For example we are thinking about setting up an ATM in a still kept secret place where there is a lot of foot traffic. However our main goal is to be available for everyone. Currently we are focussing in on merchants and online businesses but everyone is able to join. Before you ask Serge, yes there is a fee but it differs from business to business and how many transactions you have etc. For further information we would like interested parties to visit our website and and ask their questions. (link below).”
The second innovation is the GMO Payment Gateway (GMO-PG) and their partner Bitflyer. Who better to describe the workings of this pact than the CEO of Bitflyer, Mr. Yuzo Kano.
“ First let me express the great honor and opportunity to sit down with the Senior editors of CryptoArticles. A site that is rapidly growing in popularity and is known for its objectivity. It also gladdens my heart that even news in Japan reaches our “brothers and sisters” in the European Bitcoin and crypto community.
Now we are working together with GMO-PG, who is linked with the MGO corporation. The MGO corporation generates about 372 million dollars so from a financial standpoint we have a good position. I could go even further into labelling this as a business and capital alliance, a quite unique concept in the digital currency world.
The service that we are offering will enable goods: such as consumer electronics devices offered by Internet-based virtual retailers, digital content such as music and games, etc. to be purchasable using Bitcoin as another payment method.
So it is quite exciting for everyone of our team and our partners to see how it will play out. So for further information about our services we like you to visit our website( see below). If any of you have questions you can always contact us by mail or at our website. thanks again CryptoArticles for this short interview. We really appreciate it and everything you do”.
We at CryptoArticles would like to thank these speakers for sitting down and chatting with us. We know that they are undoubtedly very busy. However it is important for all of us to know that the Japanese digital currency community is very much alive and vibrant. It seems the Mt.Gox debacle has been put behind them, which is a good thing.
We will keep you updated with new developments as they come available.