{"id":92265,"date":"2018-11-07T13:00:44","date_gmt":"2018-11-07T21:00:44","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=92265"},"modified":"2020-03-24T06:55:23","modified_gmt":"2020-03-24T06:55:23","slug":"tokyo-limos-to-start-accepting-crypto-payments","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tokyo-limos-to-start-accepting-crypto-payments\/","title":{"rendered":"Tokyo Limos to Start Accepting Crypto Payments"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/cryptoslate.com\/places\/japan\">Japan<\/a> will test pilot a service to allow passengers to pay for limo rides <a href=\"https:\/\/www.bloomberg.com\/technology\"><span class=\"s2\">with cryptocurrency<\/span><\/a>, according to an article published Sunday by Bloomberg. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tokyo limousines to start accepting crytpocurrencies <a href=\"https:\/\/t.co\/4tsGWPoicl\">https:\/\/t.co\/4tsGWPoicl<\/a><\/p>\n<p>&mdash; Bloomberg Crypto (@crypto) <a href=\"https:\/\/twitter.com\/crypto\/status\/1059296412188454912?ref_src=twsrc%5Etfw\">November 5, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Expanding Into the Ride Business<\/h2>\n<p class=\"p1\"><span class=\"s1\">Payment company Remixpoint Inc., which also has its hands in the energy management and automotive industries, will partner with Japanese limousine company Hinomaru Limousine Co. for a small trial run of cryptocurrency payments for limo services. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The trial will start this month and will cover limo rides between Tokyo's Haneda or Narita airports and the city\u2019s 23 wards to begin with. An official announcement of the trial is reportedly coming on Nov 6. and cryptos accepted include <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin-cash\/\">Bitcoin Cash<\/a>, and <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a>. <\/span><\/p>\n<h2>BITpoint's Retail Crypto Presence<\/h2>\n<p class=\"p1\"><span class=\"s1\">Remixpoint also owns Japanese crypto exchange <a href=\"https:\/\/translate.google.com\/translate?hl=en&sl=ja&u=https:\/\/www.bitpoint.co.jp\/&prev=search\"><span class=\"s2\">BITpoint<\/span><\/a>, which has partnered with other companies in the past to try and move crypto payments into the mainstream retail sector. The exchange has offered crypto payments for airline tickets and partnered with retailers to get cryptocurrency payments into Japanese stores <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-29\/japan-s-bitpoint-to-add-bitcoin-payments-to-100-000s-of-outlets\"><span class=\"s2\">last year.<\/span><\/a> <\/span><\/p>\n<figure id=\"attachment_90728\" aria-describedby=\"caption-attachment-90728\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-90728 size-medium\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/10\/japans-decision-allow-crypto-social-300x158.jpg\" alt=\"Why Japan\u2019s Decision to Allow Crypto Sector to Self-Regulate is Significant\" width=\"300\" height=\"158\" \/><figcaption id=\"caption-attachment-90728\" class=\"wp-caption-text\">Related:\u00a0\u00a0<a title=\"Why Japan\u2019s Decision to Allow Crypto Sector to Self-Regulate is Significant\" href=\"https:\/\/cryptoslate.com\/why-japans-decision-to-allow-crypto-sector-to-self-regulate-is-significant\/\">Why Japan\u2019s Decision to Allow Crypto Sector to Self-Regulate is Significant<\/a><\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">BITpoint is one of 16 major exchanges in Japan now under the jurisdiction of the Japanese Virtual Currency Exchange Association (JVCEA) thanks to a <a href=\"https:\/\/cryptoslate.com\/why-japans-decision-to-allow-crypto-sector-to-self-regulate-is-significant\/\"><span class=\"s2\">recent ruling<\/span><\/a> by the Japanese government. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Hinomaru Limo\u2019s fleet of vehicles consists of 362 limousines and 161 taxis, and the company could expand the crypto payment service to include its taxis if the limo service trial run is a success, according to Bloomberg\u2019s unnamed sources. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After a number of high-profile attacks on exchanges resulting in millions lost, crypto companies are still trying to make inroads in Japan. The recent decision by Japan Financial Services Agency to let the JVCEA police the market has led to stricter rules and a trend toward more stringent enforcement, and a stablecoin backed by the Yen was announced last month as part of the stablecoin boom. Bitcoin payments, in particular, have climbed since Japanese retailers began accepting BTC in 2017.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan will test pilot a service to allow passengers to pay for limo rides with cryptocurrency, according to an article published Sunday by Bloomberg. Tokyo limousines to start accepting crytpocurrencies https:\/\/t.co\/4tsGWPoicl &mdash; Bloomberg Crypto (@crypto) November 5, 2018 Expanding Into the Ride Business Payment company Remixpoint Inc., which also has its hands in the energy [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,60208,37],"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>Tokyo Limos to Start Accepting Crypto Payments<\/title>\n<meta name=\"description\" content=\"Japan will test pilot a service to allow passengers to pay for limo rides with cryptocurrency, according to an article published Sunday by Bloomberg.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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