JR East to Sell Tickets for Crypto

Largest Japanese railroad company, 323 place in Fortune 500 list, will allow passangers to purchase tickets for BTC, BCH, LTC and XRP
29 March 2019   305

The Japanese railway company JR East in collaboration with the Internet provider IIJ and crypto-bursa DeCurret will develop a platform for buying tickets for cryptocurrency. This is reported by the local TV channel ANN News.

Passengers will be able to use the platform’s services directly at train stations using the Suica smart card. It will support Bitcoin, Bitcoin Cash, Litecoin, and XRP cryptocurrencies, as well as stablecoin J Coin from the banking giant Mizuho Financial Group. The same assets are available on the stock exchange DeCurret.

We started by charging and using cash, which is a general-purpose payment method, but I think that it will change greatly as the current of ‘cashless’ flows.

Shinobu Noguchi

JR East, Managing Executive Officer

In March, the tax administration of the Chinese city of Shenzhen allowed residents to pay for rail, public transport and taxis through the blockchain application.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.