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Old 09-08-2021, 07:23 AM   #346 (permalink)
Psy-Fi
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Originally Posted by Mindfulness View Post
wonder how more accepted bitcoin is in Japan? anyone know?
I've heard it's accepted as a form of payment at many places but very few people use it...

Japan’s cryptocurrency market: Set to bloom or wither?

Quote:
Japan still trails its neighbours in cryptocurrency adoption. A 2020 Statista survey found only 4% of Japanese residents used or owned cryptocurrencies, whereas China, India and Vietnam reported 7%, 9%, and 21%, respectively. While these numbers suggest room for growth, the country’s shrinking proportion of young people could restrict adoption since Japanese crypto users tend to be under 30 years old. Cryptocurrency may also stall in the medium term due to the persistence of cash payments in Japan, especially among the elderly. According to Japan’s Ministry of Economy, Trade and Industry (METI), cashless payments accounted for only 26.8% of payments in 2019. The tide may be turning, however, as the pandemic has encouraged a shift away from cash.
Keep an eye on El Salvador...

El Salvador is now the world’s largest bitcoin experiment. Many Salvadorans say they want no part in it.
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