BTC Payments accepted in 74 Beauty Clinics in Japan

Japanese cryptocurrency exchange and payment processor Bitflyer announced partnership with SBC Medical Group what will let patients to pay in cryptocurrency
13 April 2018   243

The Shonan Beauty Clinic chain in Japan which is operated by SBC now confesses BTC for services by utilizing Bitflyer’s bitcoin payment platform. Shonan clinics suggest a huge variety of services like eyelid surgery, liposuction, dermatology, acupuncture, cosmetic dental, breast augmentation and rhinoplasty. There are 74 Shonan branches across Japan and some of their surgeons and doctors are very well known. All Shonan clinics will now accept bitcoin for services but there is a cap on how much you can spend.

At present, the maximum quantity per transaction for bitcoin purchases is 2 million yen ($18,700 USD). Bitflyer states during the partnership that it has introduced BTC to thousands of merchants from different industries and “the number of introduction cases is increasing.”

With our partnership with SBC Medical Group and more domestic and overseas businesses — we will contribute to improving convenience for our customers.
Bitflyer, crypto exchange and payment processor, Japan

 

Bitflyer has been collaborating with a lot of traders and Japan now has a lot of stores that accept BTC payments. The company has signed firm’s like Marui Group’s department stores, the retail chain BIC Camera, the points website Hapitas, and Samantha Thavasa Japan Co. Ltd. Bitflyer also supplies insurance for customers that cover failed transactions involving the BTC network.

Shonan Beauty Clinic in Japan is not the only firm based on cosmetic surgery that accepts BTC as there are a few others worldwide. Other practices that accept bitcoin include Vanity Cosmetic Surgery in Miami, Elite Body Sculpture in Beverly Hills, Artisan Cosmetic Surgery in Ohio, Houston Cosmetic Surgery, and Artful Awakenings Cosmetic Surgery in Melbourne Florida.

Myth of Total Illegal Bitcoin Use rejected by Scientist

Quebec Chief Scientist (Canada), Rémi Quirion, has issued a rejection for the “myth” that illegal transactions are among those for which BTC is basically used
25 April 2018   64

Chief Scientist is closely connected with the Fonds de recherche du Québec (FRQ) – a publicly funded establishment founded for “providing support for the production and dissemination of knowledge.” Mr. Quirion states that Bitcoin is often accused of being a good tool for crime or money laundering, adding that “Even Christine Lagarde, president of the International Monetary Fund (IMF) recently called for more regulation of cryptocurrencies to counter illegal activities.”

Quebec’s Chief Scientist insists on bitcoin offers its customers “pseudonymity,” rather than total anonymity, which detracts from its potential illicit usage. Mr. Quirion cited Jonathan Hamel, who has denied that the public nature of bitcoin’s blockchain diverts from its anonymity.

Every transaction is transparent and public. They are indeed recorded in a kind of ledger whose copies are distributed among thousands of computers.
Jonathan Hamel, Cryptocurrency Analyst, Associate Researcher, Montreal Economic Institute

Erwan Joncheres, Cryptocurrency analyst, is also mentioned in the document.  He has also denied statements that bitcoin and money laundering go alongside.

I think that tax evasion and money laundering are anecdotal on cryptocurrency networks. Since bitcoin is transparent, it will be very easy to identify all the people trading on an online exchange or portfolio platform.
Erwan Joncheres, Cryptocurrency Analyst

The document underlines the research conducted by the Center for Sanctions and Illicit Finance of the Defense of Democracies Foundation that, after analyzing bitcoin transactions made between 2013 and 2016, revealed that only 0.61% of trading transactions in the period were associated with illegal activities. The Chief Scientist refers center’s findings that illegitimate transactions within the bitcoin economy are extremely centralized, further undermining the offer that illicit activities pervade the bitcoin economy. Said research indicated that less than 10% of anonymous free markets were responsible for 95% of illegal transactions towards bitcoin between 2013 and 2016.