Japan's retail giant integrates encryption Wallet and payment application; Bitcoin can be used for daily consumption.

Recently, a well-known retail company in Japan announced that its encryption asset electronic Wallet and payment application have been integrated, providing users with the convenience of using Digital Money for daily consumption.

The company stated that users can now deposit their held Bitcoin, Bitcoin Cash, and Ether into their payment application accounts. This mobile payment application is widely used among many large and medium-sized retailers in Japan.

As early as 2019, the company allowed consumers to exchange loyalty points for Bitcoin and other encryption assets. Today, by integrating encryption asset Wallet, electronic money services, and payment applications, users can use encryption assets for consumption at retailers such as McDonald's, a large department store, and a convenience store.

According to reports, the exchange between fiat currency, electronic money, and encryption assets is free of charge, but the minimum consumption amount is 1000 yen (, equivalent to about 9.40 US dollars ), and the monthly consumption limit is approximately 100,000 yen (, which is about 940 US dollars ).

To use this feature, users must become members of the company and open a trading account in their encryption asset Wallet. The company will also provide small point rewards to consumers who use this new service.

This initiative will undoubtedly promote the application of encryption assets in daily life, providing users with more diversified payment options. As encryption assets integrate with traditional payment systems, we may see more similar innovative applications emerge in the retail sector.