Japanese e-commerce giant Mercari will integrate the cryptocurrencies Shiba Inu (SHIB) and Dogecoin (DOGE) into its mobile application. With this integration, the Japanese giant’s more than 23 million users will be able to purchase these assets using the balance obtained from selling second-hand items or through their accumulated bonus points. The technical deployment was made possible thanks to the infrastructure of the Coincheck exchange, which implemented its new API service called Crypto as a Service (CaaS).
This massive adoption is strongly driven by recent regulatory easing in the Japanese nation. The exchange association JVCEA included SHIB in its prestigious “Green List“, granting it the same legal reliability status as Bitcoin. Furthermore, the tax reduction from 55% to a flat 20% for these operations has transformed investment into a cultural phenomenon similar to digital collecting, consolidating the expansion of crypto-assets in retail commerce alongside similar initiatives from competitors like Rakuten.
With more than 4 million crypto accounts already active within Mercari, the next logical step points toward a consolidation of recreational microtrading in the Asian region. The market will now evaluate whether this playful accumulation model can be successfully replicated in other global economies.
Source: https://goo.su/BVRq5
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