Japan’s Leading Airline Considering Accepting Bitcoin

Japan’s leading low-cost airline Peach Aviation is working to establish a payment system in the form of bitcoin. Recently, the company has been rethinking its Bitcoin strategy after a major Japanese cryptocurrency exchange was hacked.. Peach Aviation, and its bitcoin buying partner, have made their position clear on this situation.

Peach’s Plans to Accept Bitcoin

Peach Aviation has recently announced plans to accept bitcoin for airfare purchases. announced. This came after the hacking of Coincheck, a major Japanese bitcoin exchange – 58 billion yen worth of NEM was stolen–after rumors that Peach would halt its plans to accept bitcoin.

Performing more than 90 flights a day, Peach Aviation follows 12 domestic and 13 international routes. >It says it has more than 13,000 passengers.

The company first announced in May that it would accept Bitcoin after collaborating with Bitpoint Japan, a Japanese exchange.. In addition, Peach plans to expand the Bitcoin payment system by partnering with local administrative bodies and companies.. Peach and Bitpoint companies are also considering innovations such as installing Bitcoin ATMs at airports and validating Bitcoin in gift shops and restaurants.

“Both companies will start offering this service in the fall of 2017. They are considering, and will gradually make adjustments, taking into account various laws and regulations.” they made an announcement in May. However, in December, Peach announced that it would delay its bitcoin-related plans for another fiscal year, which corresponds to March 2018.

Peach’s Plan Just Delayed

Peach A spokesperson for Nikkei said: “We are reconsidering the launch time.” confirmed that this service has been postponed. He explained the reason for this delay as Bitcoin’s intense fluctuations since the last months of 2017.. He noted that the company wanted to start providing this service, but was waiting for the market to calm down.. At the same time, Peach denied rumors of cancellation of Bitcoin payment system plans.. Spokesperson: “I was actually arranging what the payment system would be like.”

Bitpoint Japan later gave its own statement explaining the situation.. “As finalized, we will inform you of our launch time and content.” He said and added:

“We are working diligently to realize this service at the moment.”

Do you think Peach will have Bitcoin in the near future? Will he accept? Express your ideas in the comments.

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