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Mercari’s Expansion into Crypto
The Japanese e-commerce giant Mercari has expanded its services into the crypto sphere by introducing Ethereum (ETH) trading on its app. This move marks a significant step for the company in the world of digital currencies.
About Mercari
Mercari is known as Japan’s largest marketplace, operating a platform similar to a “flea market” and competing with companies like eBay. The company has been focusing on integrating crypto services into its operations in recent years.
Mercari’s Crypto Initiatives
One of Mercari’s notable crypto initiatives is the launch of a crypto exchange integrated with its marketplace app. This exchange has gained popularity among Japanese users, with a survey showing a preference for Mercari’s platform among newer crypto enthusiasts.
Acceptance of Bitcoin
Earlier this year, Mercari’s crypto subsidiary Melcoin announced the acceptance of Bitcoin (BTC) on the platform. Over 100,000 Bitcoin transactions have been processed through Melcoin, indicating growing interest in crypto payments.
Introduction of Ethereum Trading
Following the success of Bitcoin trading, Mercari has now introduced Ethereum trading on its app. The rollout of ETH services will be gradual, allowing users to purchase Ethereum using credit/debit cards or Mercari’s loyalty points.
Rising Interest in Ethereum
Recent data from Google Trends shows a significant increase in searches related to Ethereum in Japan. This surge in interest is likely linked to reports of potential approval for spot ETH exchange-traded funds by the United States Securities and Exchange Commission.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
