Tokyo Limos to Start Accepting Crypto Payments

Tokyo limousines to start accepting crytpocurrencies https://t.

Bloomberg Crypto November 5, 2018.Expanding Into the Ride BusinessPayment 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.

The trial will start this month and will cover limo rides between Tokyo's Haneda or Narita airports and the city's 23 wards to begin with.

BITpoint's Retail Crypto PresenceRemixpoint also owns Japanese crypto exchange BITpoint.

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 last year.

BITpoint is one of 16 major exchanges in Japan now under the jurisdiction of the Japanese Virtual Currency Exchange Association thanks to a recent ruling.

Hinomaru Limo's 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's unnamed sources.

After a number of high-profile attacks on exchanges resulting in millions lost, crypto companies are still trying to make inroads in Japan.

Bitcoin payments, in particular, have climbed since Japanese retailers began accepting BTC in 2017.Cover Photo by Dil on Unsplash.