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   949

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.

Bear Market to Hit Mining Hard

BitMEX research division presented an analysis of the impact of market decline on the mining industry
11 December 2018   63

The cryptocurrency market has experienced a marked decline over the past weeks. The BitMEX research division presented an analysis of the impact of these events on the mining industry. Bitcoin hash rate has fallen by 31% since the beginning of November, which is equivalent to the capacity of 1.3 million Bitmain S9 devices. From this, BitMEX concludes that miners as a class are in a difficult situation, however, they may have different conditions, and those who pay more for electricity, are forced to turn off their equipment first, while others may still be quite viable.

The decrease in the price of Bitcoin by 45% since the beginning of November has already caused two recalculations of the complexity of mining to the lower side - by 7.4% and 15.1% on November 16 and December 3, respectively. The first recalculation turned out to be the largest since January 2013, the second - since October 2011.

Bitcoin mining revenue fell from $ 13 million per day in early November to $ 6 million per day in early December. The fall in the size of the miner's encouragement turned out to be even more rapid than the fall in the price of cryptocurrency. This is due to the delay in recalculating the complexity of mining. For the six-day period ending December 3, 21.8% fewer blocks were mined than expected, since the miners left the network before recalculating the difficulty. As a result, in addition to reducing the size of the miners' encouragement in dollar terms, due to lower asset prices, they received 21.8% less bitcoin awards.

One of the popular reasons for the recent decline in the cryptocurrency market is that miners sold bitcoins to cover their costs of hash warsin the Bitcoin Cash network. The monitoring platform Boltzmann recorded an unusually large sale of Bitcoin by the miner on November 12, that is, 3 days before the hard fork of Bitcoin Cash.

BitMEX assumes that the actions of miners over the past weeks could have played a significant role in reducing the market, however, recommends not overestimating their value and reminds that in a bearish trend, prices continue to fall regardless of asset movements and news.