Luxury car dealer partners with BitFlyer for large bitcoin payments

Japanese luxury car dealership L’Operaio will be able to accept Bitcoin (BTC) as a payment option from customers using their crypto wallets on the Tokyo-based exchange bitFlyer, according to a press release from bitFlyer published on March 27th. The new partnership is the latest in a series of deals bitFlyer has been making throughout Japan.

It is known that bitFlyer has already integrated its cryptocurrency wallet with major electronics retailers in Japan, such as all stores at Bic Camera and a limited trial partnership for selected branches of electronic dealer Yamada Denki.

Notably, while most of the exchange’s existing retail partnerships have a limited settlement cap for each purchase, ranging from $900 to $2,760, bitFlyer says the new partnership will allow customers to make purchases as high as 100 million yen ($1 million) in bitcoin via its digital wallet. The BTC option will be first available at three stores in Tokyo, in Setagaya, Nerima, and Aoyama, but the aim is to “expand to all stores in the future.”