Tech Bureau Inc. just added a Bitcoin option to its cryptocurrency exchange Zaif. The company updated the online platform after raising $835,000 in funding from Nippon Technology Venture Partners.
Zaif, currently the world’s leading Monacoin exchange, now has the potential to become the largest cryptocurrency exchange in Japan. The platform now allows its clients to trade Japanese yen, BTC and Monacoin, the country’s most important altcoin.
“In Japan, no one talks about Bitcoin 2.0, and people have little interest in owning Bitcoins themselves. Unfortunately, the first newsworthy event related to Bitcoin in Japan was the collapse of Mt. Gox, which has fueled a lot of negative coverage in the media,” said Tech Bureau’s CEO.
Takao Asayama wants to change that with Zaif’s expanded services by turning the exchange into the country’s largest Bitcoin trading platform.
By providing the most user-friendly cryptocurrency exchange on the market, we are creating an environment that encourages Japanese people to increasingly rely on crypto currencies in the future.
Kazutaka Muraguchi, general partner of NTVP, agrees with the entrepreneur. “Cryptocurrencies are the key to a worldwide financial revolution that is taking place right now. Tech Bureau could become the hub that connects Japan to the global cryptocurrency market,” he said.
The company plans to leverage notable local digital coins such as Monacoin in an effort to accelerate Bitcoin adoption in Japan. There are currently less than 100 retailers that accept BTC in the country.
“Although we have several Bitcoin payment processors here, there are no real incentives for retailers to accept Bitcoins,” said Asayama. “Before we get more retailers on board, we first need to increase the number of Japanese people who are willing to own and use Bitcoin.”