Bitcoin is accepted by Japanese Luxury Car Dealer

L’Operaio (Japanese luxury car dealer) is now accepting Bitcoin as a payment manner from customers which use bitFlyer cryptocurrency wallet
09 April 2018   1542

According to bitFlyer`press report by, bitFlyer customers can spend above to 100 million yen, approximately $940,000 in order to purchase cars at L’Operaio. The users need to fulfil the only condition - to perform the transaction with the help of the wallet that is suggested by the firm.

As bitFlyer has claimed, the transaction arrangement will only take a “few seconds”. Three (3) Tokyo trades in Setagaya, Nerima and Aoyama have already begun accepting Bitcoin with prospects to develop the feature to all dealership stores in the future.

bitFlyer is one of the largest cryptocurrency exchanges in Japan. The partnership will be begun with 26 dealerships, but the two enterprizes are aimed on expanding it to include in the future 550 more locations.

The exchange was granted a European Union payment institution license in January of this year, making it the most  acquiescent virtual currency exchange in the world. It has also cooperated with Bic Camera, the domestic electronic retail giant, to accept Bitcoin payments following a successful path of the last year. The tendency is certainly being adopted, with one of Japan’s largest electronics retail chains Yamada Denki also accepting Bitcoin payments using bitFlyer’s point-of-sale (PoS) payments foundation.

The customers of L’Operaio will have to download and use bitFlyer’s mobile wallet application, which is available in iOS and Android to make acquisition up to 100 million yen, or just under $1 million, using Bitcoin.

Bitwise to Withdraw Bitcoin ETF Application

The application was filled a year ago, company met with regulator 8 times and prepared more than 500 pages of documents
15 January 2020   154

Bitwise Asset Management, a digital asset management company, has withdrawn an application to launch a Bitcoin-linked exchange-traded fund (ETF).

On Tuesday, Bitwise sent a notice to the US Securities and Exchange Commission (SEC), where it announced that it had made such a decision "in the public interest and investor protection."

We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.

 

Matt Hougan

Global head of research at Bitwise

He also noted that his firm is currently “working hard” to answer the SEC questions in the 112-page commentary on the initial application.

We remain fully committed to the development of a bitcoin ETF.

 

Matt Hougan

Global head of research at Bitwise

Bitwise has applied for the launch of the Bitcoin ETF in January 2019. Since then, the company met with the regulator eight times and prepared 500 pages of documentation with arguments in favor of approving its proposal.