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Which digital currencies are commonly used in Japan?

avatarB ZDec 27, 2021 · 3 years ago3 answers

In Japan, which digital currencies are frequently used for transactions and investments? I'm interested in knowing the popular cryptocurrencies that are widely accepted and trusted in the country.

Which digital currencies are commonly used in Japan?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to digital currencies commonly used in Japan, Bitcoin (BTC) is definitely at the top of the list. Bitcoin has gained significant popularity and acceptance in Japan, with many businesses and merchants accepting it as a form of payment. Ethereum (ETH) is another widely used cryptocurrency in Japan, known for its smart contract capabilities and decentralized applications. Ripple (XRP) is also quite popular in Japan, with several major banks in the country using its technology for cross-border payments. Additionally, Litecoin (LTC) and Bitcoin Cash (BCH) are also commonly used digital currencies in Japan.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for a more localized digital currency in Japan, Monacoin (MONA) is worth mentioning. It was created in Japan and has a strong following within the country. Monacoin is often used for online tipping and donations, as well as for purchasing goods and services from merchants who accept it. It has gained a loyal community and is considered one of the popular cryptocurrencies in Japan.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we believe that the digital currencies commonly used in Japan include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have gained significant traction in the Japanese market and are widely accepted by various businesses and individuals. However, it's important to note that the popularity and usage of digital currencies can vary over time, so it's always a good idea to stay updated with the latest trends and developments in the Japanese cryptocurrency market.