Two leading Japanese bitcoin exchanges recently unveiled initiatives to accelerate bitcoin adoption in Japan. “Since Mt. Gox incident image of bitcoin in Japan is terrible,” the Business Development Lead of Coincheck, Kagayaki Kawabata, told BNC. The now defunct Tokyo-based Mt. Gox was handling approximately 70 percent of global bitcoin transactions before it’s collapse, subsequent bankruptcy, and the arrest of CEO Mark Karpeles.
Kawabata recently unveiled the ‘Coincheck Electricity’ platform, which will be launching in November. The platform allows customers to pay their electricity bills with bitcoin, with a rebate of 4 to 6 percent.
“Having bitcoin payment available for something like a utility bill, that has a reliable image, will definitely change how people perceive bitcoin in a good way.”
– Kagayaki Kawabata, Coincheck Business Development Lead
The bitcoin service will initially be available to residents of Kanto, Kansai, and Chubu. Tokyo Electric Power Company, Kansai Electric Power and Chubu Electric Power will supply the electricity.
The project has a target of acquiring 10,000 customers in the first year, and there are plans to add gas bills, water bills and mobile bills. Coincheck’s operator, ResuPress,