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Japan’s Leading Low-Cost Airline Details Plan to Accept Bitcoin

Gossip

Japan’s leading low-cost airline, Peach Aviation, has been train to implement a bitcoin payment system. Recently, there were tell ofs that the company may be rethinking its bitcoin strategy following the recent penny-a-liner of a major Japanese cryptocurrency exchange. Peach Aviation and its bitcoin the Board partner have clarified their position.

Also read: Japan’s DMM Bitcoin Wall Street Opens for Business With 7 Cryptocurrencies

Peach’s Plan to Accept Bitcoin

Peach Aviation has recently cleared its plan to accept bitcoin for airline tickets. This is in response to late-model media reports that suggest that the company may be halting its design to accept the digital currency following the hack of a major Japanese bitcoin return, Coincheck – where 58 billion yen (~USD$527 million) worth of NEM were stolen.

Japan's Leading Low Cost Airline Clarifies Plan to Accept Bitcoin

Japan's Leading Low Cost Airline Clarifies Plan to Accept Bitcoin

Direct more than 90 daily flights and servicing 12 home and 13 international routes, Peach Aviation claims to have more than 13,000 circadian passengers.

The company first announced in May of last year that it purposefulness accept bitcoin through a partnership with Japanese cryptocurrency barter, Bitpoint Japan. In addition, Peach plans to expand its bitcoin payment helps “through collaborations with local administrative bodies and local public limited companies.” Peach and Bitpoint plan to jointly implement various initiatives such as installing bitcoin ATMs (BTMs) at airports as well as introducing bitcoin payments at souvenir boutiques, restaurants, and accommodation facilities.

Japan's Leading Low-Cost Airline Clarifies Plan to Accept Bitcoin

Japan's Leading Low-Cost Airline Clarifies Plan to Accept Bitcoin

“Both companies plan to start the employment from the autumn of 2017 and will gradually implement various amounts in accordance with various laws and regulations,” they announced in May. Even so, in December, Peach postponed the timeframe to “start [accepting bitcoin] within the financial year,” which ends in March 2018, the Sankei reported.

Peach’s Layout Only Delayed

Japan's Leading Low-Cost Airline Clarifies Plan to Accept Bitcoin

Japan's Leading Low-Cost Airline Clarifies Plan to Accept Bitcoin

“We are reviewing the timing of service start,” the spokeswoman for Peach’s community relations told Nikkei Online, confirming that the service has been postponed. The intelligence for the postponement is “the fluctuation of the bitcoin market [which] has been intensifying since the end of 2017,” she foretold, noting that the company would “like to start the service [but is] hiatus for the market to settle.” Peach also denied any reports of it abandoning the bitcoin payment scheme. “I’m actually preparing the settlement system,” the spokeswoman was quoted by the news shop.

Bitpoint Japan also subsequently issued its own statement clarifying the picture. “We will notify you as to the specific service start time and its contents as a moment as it is finalized,” the exchange wrote, adding:

Currently, we are working diligently to make happen this service.

Do you think Peach will accept bitcoin some time? Let us know in the comments section below.


Images courtesy of Shutterstock, Bitpoint, and Peach Aviation.


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