Peach Becomes Japan's First Airline to Accept Payment in Bitcoin
- Cryptocurrency can be used for Peach tickets by year-end
- Change in Japanese law allows use of bitcoin as exchange
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Peach Aviation Ltd. will become the first Japanese carrier to accept bitcoin as payment for airline tickets as the discount airline aims to attract more tourists from other parts of Asia.
The cryptocurrency can be used to book seats starting by the end of the year, Peach said in a statement in Tokyo Monday, adding a change in Japan’s law on fund settlements in April helped facilitate the move. The carrier also aims to increase tie-ups with local governments and regional companies to help spread usage of the currency, it said.