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Japanese retail giant integrates encryption Wallet BTC, BCH and ETH for everyday spending
A well-known retail group in Japan recently announced that its Crypto Assets Wallet has integrated with a payment application, providing consumers with the convenience of using digital assets for everyday purchases.
According to the latest announcement, users of the group's payment application can now deposit their held Bitcoin, Bitcoin Cash, and Ether into their payment accounts. This mobile payment application is widely used by many large and medium-sized retailers in Japan, providing consumers with a convenient payment method.
As early as 2019, the retail group launched a service that allows loyalty points to be converted into Bitcoin and other Crypto Assets. This integration of digital Wallets, electronic currency services, and payment applications enables users to spend Crypto Assets at various retail locations, including McDonald's, large department stores, and convenience stores.
It is reported that there are no fees for exchanges between fiat currency, electronic currency, and Crypto Assets. However, the minimum transaction amount is set at 1000 yen (approximately 9.40 USD), with a monthly spending limit of 100,000 yen (approximately 940 USD).
To use this new feature, users need to become members of the retail group and open a trading account in their digital wallet. To encourage consumers to try this innovative service, the group has also launched a small points reward program.
This initiative not only provides Japanese consumers with more diversified payment options but also reflects the traditional retail industry's active exploration of the application of digital assets. As the application of crypto assets in daily life continues to expand, we may witness a deeper integration of the digital economy with the real economy.