Japan's retail giant integrates encryption Wallet and payment applications BTC, BCH, and ETH for everyday consumption.

A well-known Japanese retail group recently announced that its Crypto Assets Wallet service has been integrated with a payment application, allowing users to use digital assets for everyday purchases.

The latest announcement shows that users holding Bitcoin, Bitcoin Cash, and Ether can now deposit these Crypto Assets into the group's payment application account. This payment application is widely used by many medium and large retailers in Japan, providing mobile payment services for consumers.

As early as 2019, the retail group began allowing consumers to exchange points for Bitcoin and other Crypto Assets. This integration of digital Wallets, electronic currency services, and payment applications enables users to spend Crypto Assets at various well-known chain stores, including fast food restaurants, department stores, and convenience stores.

It is reported that there are no fees for the exchange between fiat currency, electronic currency, and Crypto Assets. However, the minimum transaction amount is 1000 yen (approximately 9.40 USD), and the monthly spending cap is about 100,000 yen (approximately 940 USD).

To use this new feature, users need to become a member of the retail group and open a trading account on its digital Wallet platform. To encourage users to try this new service, the group will also offer small point rewards.

This initiative marks an important advancement in the application of Crypto Assets in Japan's retail sector, and is expected to further promote the popularization and usage of digital assets in daily life.