Japan’s Leading Low-Cost Airline to Accept Bitcoin

Peach aviation, Japan’s leading low-cost airline is working on accepting Bitcoin as a means of payment
05 February 2018   315

The airline has recently announced its plans to accept Bitcoin for airline tickets. This was a response to the recent media reports which suggested that the airline may be halting its plans to accept bitcoin following the hack of Coincheck, Japanese Bitcoin exchange.

The airline claims to have more than 13,000 passengers daily, operating over 90 daily flights.

The first announcement regarding the acceptance of bitcoin was made in May 2017. The company stated that it would accept bitcoin through a partnership with Japanese cryptocurrency exchange, Bitpoint Japan and through collaborations with local administrative bodies and local companies.

The airline is planning to install bitcoin ATMs (BTMs) at airports as well as to implement bitcoin payments at restaurants, souvenir shops, etc.

The company announced in May that the airline and its partners planned to start the service from the autumn of 2017. However, in December, Peach postponed the timeframe to start accepting bitcoin within the fiscal year, which ends in March 2018.

Lately, the spokeswoman for Peach’ public relations confirmed that the service has been postponed due to the fluctuation of the bitcoin market which has been intensifying since the end of 2017. The Peach’s spokeswoman also stated that the company is preparing the settlement system.

Japanese cryptocurrency exchange Bitpoint Japan confirmed that they are currently working on launching the service.

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   50

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100