{"id":27756,"date":"2018-01-29T14:09:19","date_gmt":"2018-01-29T22:09:19","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=27756"},"modified":"2026-10-17T20:18:30","modified_gmt":"2026-10-17T19:18:30","slug":"south-korean-japanese-markets-beginning-accept-crypto-payments","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/south-korean-japanese-markets-beginning-accept-crypto-payments\/","title":{"rendered":"South Korean and Japanese Markets Beginning to Accept Crypto Payments"},"content":{"rendered":"<p>Who says we can't <a href=\"https:\/\/cryptoslate.com\/people-demand-retailers-embrace-crypto-trending-paywithcrypto-hashtag\/\">#PayWithCrypto<\/a>?<\/p>\n<p>Japan's largest electronics chain, Yamada Denki and one of the largest e-commerce platforms in South Korea, WeMakePrice, is beginning to experiment with accepting crypto as a form of payment.<\/p>\n<p>https:\/\/twitter.com\/iamjosephyoung\/status\/958021750603661312<\/p>\n<h2>Yamada Denki<\/h2>\n<figure id=\"attachment_27767\" aria-describedby=\"caption-attachment-27767\" style=\"width: 250px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-27767\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/yamada-logo.jpg\" alt=\"\" width=\"250\" height=\"126\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/yamada-logo.jpg 500w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/yamada-logo-300x151.jpg 300w\" sizes=\"(max-width: 250px) 100vw, 250px\" \/><figcaption id=\"caption-attachment-27767\" class=\"wp-caption-text\">Yamada-Denki Co. is one of the largest consumer electronics retailer chains in Japan<\/figcaption><\/figure>\n<p>Japan's largest cryptocurrency exchange, bitFlyer, will be teaming up with Japan's largest electronics chain to test out Bitcoin payments.<\/p>\n<p>At first, this will be set up in two store locations: Yamada Denki Labi Shinjuku East Pavilion and Concept Lab Tokyo.<\/p>\n<p>There will be a 300,000 YEN payment limit option, but the first 500 customers to come with a bitFlyer wallet will receive\u00a0500 YEN free to play around with.<\/p>\n<p>For the time, Yamada is only working with Bitcoin, as stated in their <a href=\"http:\/\/www.yamada-denki.jp\/topics\/download.t.pdf\/1373\">official<\/a> release.<\/p>\n<p>Their Motives? A growing audience. Yamada told Bitcoin.com in a <a href=\"https:\/\/news.bitcoin.com\/japans-largest-consumer-electronics-chain-trials-bitcoin-payments\/\">press release<\/a>:<\/p>\n<blockquote><p>&#8220;We will implement initiatives to improve bitcoin recognition and usage promotion.<br \/>\nWith the introduction of bitcoin payment service, we respond to the diverse needs of our customers both in Japan and overseas. We believe that we can provide improved service and convenience.&#8221;<\/p><\/blockquote>\n<h2>Wemakeprice<\/h2>\n<figure id=\"attachment_27766\" aria-describedby=\"caption-attachment-27766\" style=\"width: 250px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-27766\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/wemakeprice-logo.jpg\" alt=\"\" width=\"250\" height=\"126\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/wemakeprice-logo.jpg 500w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/wemakeprice-logo-300x151.jpg 300w\" sizes=\"(max-width: 250px) 100vw, 250px\" \/><figcaption id=\"caption-attachment-27766\" class=\"wp-caption-text\">Wemakeprice is a Korean social commerce platform offering e-commerce and internet advertising services.<\/figcaption><\/figure>\n<p><a href=\"http:\/\/www.wemakeprice.com\/\">Wemakeprice<\/a>, a.k.a. Wemepu, is teaming up with Bithumb\u00a0to integrate 12 forms of crypto payment on their website. These coins include:<\/p>\n<ul>\n<li>Bitcoin<\/li>\n<li>Bitcoin Cash<\/li>\n<li>Ethereum<\/li>\n<li>Litecoin<\/li>\n<li>Dash<\/li>\n<li>Bitcoin Gold<\/li>\n<li>Ethereum Classic<\/li>\n<li>Qtum<\/li>\n<li>Ripple<\/li>\n<li>Monero<\/li>\n<\/ul>\n<p>The plan is to get the infrastructure ready to accept crypto payments as soon as the South Korean government has a solid <a href=\"https:\/\/cryptoslate.com\/south-korea-battleground-regulation\/\">regulation plan<\/a> on crypto.<\/p>\n<p>So while major corporations in the West have been <a href=\"https:\/\/www.eater.com\/2018\/1\/26\/16936042\/starbucks-bitcoin-cryptocurrency-blockchain\">hesitant<\/a> to begin accepting crypto, the East is already finding ways to integrate crypto and e-commerce.<\/p>\n<p>And with the Lightning Network well on its way to <a href=\"https:\/\/coincentral.com\/lightning-network-used-purchasing-option\/\">mainstream<\/a> adoption, <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> may still be in the ring for low-fee payments globally. Additionally, Yamada Denki pursuing Bitcoin as its only payment option brings speculation that they may already be working with the Lightning Network.<\/p>\n<p>Will 2018 officially be the year the world gets to <a href=\"https:\/\/cryptoslate.com\/people-demand-retailers-embrace-crypto-trending-paywithcrypto-hashtag\/\">#PayWithCrypto<\/a>?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who says we can&#8217;t #PayWithCrypto? Japan&#8217;s largest electronics chain, Yamada Denki and one of the largest e-commerce platforms in South Korea, WeMakePrice, is beginning to experiment with accepting crypto as a form of payment. https:\/\/twitter.com\/iamjosephyoung\/status\/958021750603661312 Yamada Denki Japan&#8217;s largest cryptocurrency exchange, bitFlyer, will be teaming up with Japan&#8217;s largest electronics chain to test out Bitcoin [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":27772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,60208],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korean and Japanese Markets Beginning to Accept Crypto Payments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/south-korean-japanese-markets-beginning-accept-crypto-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korean and Japanese Markets Beginning to Accept Crypto Payments\" \/>\n<meta property=\"og:description\" content=\"Who says we can&#039;t #PayWithCrypto? Japan&#039;s largest electronics chain, Yamada Denki and one of the largest e-commerce platforms in South Korea, WeMakePrice, is beginning to experiment with accepting crypto as a form of payment. https:\/\/twitter.com\/iamjosephyoung\/status\/958021750603661312 Yamada Denki Japan&#039;s largest cryptocurrency exchange, bitFlyer, will be teaming up with Japan&#039;s largest electronics chain to test out Bitcoin [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/south-korean-japanese-markets-beginning-accept-crypto-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-29T22:09:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-17T19:18:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/paywithcrypto-japan-southkorea-facebook.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dylan Dedi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"South Korean and Japanese Markets Beginning to Accept Crypto Payments\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/paywithcrypto-japan-southkorea-twitter.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dylan Dedi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/south-korean-japanese-markets-beginning-accept-crypto-payments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/south-korean-japanese-markets-beginning-accept-crypto-payments\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/#person\",\"name\":\"Dylan Dedi\",\"url\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-dylan-dedi.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-dylan-dedi.jpg\",\"caption\":\"Dylan Dedi\"},\"description\":\"Dylan is a cryptocurrency writer with a big interest in blockchain. 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