Idom Inc., one of Japan’s used car automotive groups has partnered with the country’s largest cryptocurrency exchange Bitflyer to enable bitcoin payments at its dealerships across Japan.
The Tokyo Stock Exchange listed Idom Inc. involved in the distribution and sale of used cars. Formerly known as Gulliver International Co. Ltd, the company has been operating a network of stores that buy and sell used cars across Japan since 1994.
Idom Inc. announced last week that its imported used car chain called Liberala will start accepting bitcoin on December 20. The chain specializes in Bentleys, BMWs, and Audis.
The 24 Liberala stores will accept bitcoin payments in amounts up to 100 million yen ($888,000) per purchase. The stores are located in Hokkaido, Tohoku, Kanto, Chubu, Kansai, Chugoku / Shikoku, and Kyushu.
Starting with 26 dealerships, the company also plans to add bitcoin payments to 550 additional locations.