Business 8 November 2018

Gerald Fenech

Pay for airport taxi rides in Tokyo with Bitcoin BCH

One of Japan’s 16 regulated cryptocurrency exchange has teamed up with Hinomaru Limousine, allowing the airport taxi service to start accepting payments in Bitcoin Cash (BCH), as well as in other cryptos.

On Tuesday, a partnership was announced between between Airport Car Service by Hinomaru and Bitpoint to trial cryptocurrency payments for the company’s airport taxi service on November 6-9 period. According to the exchange, the partnership is part of its effort to “strengthen the service so that virtual currency will become more popular as ‘using, sending, investing’ means.”

Pay for airport taxi rides in Tokyo with Bitcoin BCH

Established in 1981, Hinomaru operates a fleet of 362 limos and 161 taxis. Crypto payments are accepted for the service between Tokyo’s 23 wards and the city’s two major airports Haneda and Narita, according to Bitpoint’s announcement. The fares range from JPY19,020 ($168) to JPY37,020 for Narita, and JPY8,300 ($73) to JPY15,600 ($137) for Haneda. If this operation proves to be successful, the crypto payment support is expected to include regular taxi rides.

Hinomaru offers two types of vehicles: high-grade type (Tesla Model S) for four passengers and minivan type (Toyota Alphard) for four to six passengers. Passengers must have a Bitpoint account and use the Bitpoint wallet app for either Android or iOS on their smartphone, to be able to pay with cryptocurrency. Aside from Bitcoin BCH, the exchange wallet also supports payments in BTC and ETH.

The announcement comes several days after Bitpoint entered a business alliance with Carchs Holdings Co. Ltd. to also enable cryptocurrency payments at its used car dealerships.

Carchs Holdings was established in 1989 and currently operates 48 dealerships throughout Japan. Carchs has 17 locations are in Kanto, 10 are in Kansai and in the Hokuriku and Chubu areas, eight are in in the Hokkaido and Tohoku area, and three are in the Chugoku, Shikoku and Kyushu region.

Two Carchs dealerships in Kansai area and in the Hokkaido/Tohoku area have started accepting crypto payments last November 1 with Bitpoint’s help. The used car dealership will continue to accept cryptos until January 9, 2019.

Carchs customers, just like with Hinomaru Limousine, need to have a Bitpoint account and use the Bitpoint wallet app to pay with cryptocurrency.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

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