Tokyo, the Japanese Hinomaru Limousine works with RemixPoint to allow customers to pay with Crypto

Bitcoin and other cryptocurrencies have quickly found ways in which they are able to be adopted in the retail market. One of the most infamous transactions occurred in the childhood of the sector with a purchase of pizza. Taxis have recently started accepting Bitcoin in some countries, and now it will also be a limousine company. According to a report dated 4 November^th from Bloomberg, Hinomaru Limousine Co. will work with RemixPoint Inc. to use digital currency for their travels.

At this time, the collaboration seems to be focused on the ability to cover the rides that go between the 23 Tokyo districts and the two major airports, Haneda and Narita, of Japan. Trial services are scheduled for this month and the full list of accepted cryptocurrencies will probably be announced by Tuesday. However, both Bloomberg and TNW have reported that the accepted payments will be Bitcoin, Bitcoin Cash and Ethereum, although others could be added.

TNW added an important factor in this collaboration: Remixpoint operation of a licensed Japanese encrypted exchange called BITPoint. Since more users will need to buy cryptocurrency for racing anyway, it makes sense to already have a platform linked to the partnership. With 360 limousines available from Hinomaru, there are plenty of opportunities for consumers to use their cryptocurrency, although TNW suggests that their success could also lead Hinomaru to accept cryptography for their over 160 taxis.

Based on the Bloomberg report, this agreement is part of a broader set that is working to make the commerce industry more accepting than cryptocurrencies, particularly in retail. Bloomberg commented that the fall in prices this year after the rise of Bitcoin has been a warning sign for many economies that the digital currency may be volatile, leaving little room to compete with traditional funds.

There are still many retail companies and restaurants that have taken advantage of the opportunity to use cryptocurrency. Restaurants in Japan, North Jersey, Spain and Kenya offer the opportunity to use cryptography to pay for meals. Some of these places say they want to bring a younger audience, while others are providing ways for unbanked to finally use their funds.

However, none of this has hindered Japan's plans to create a mass adoption of cryptocurrency in their economy. TNW reminded readers that the Japanese government recently gave the crypto industry the opportunity to self-regulate in their own country. Ripple Asia and SBI also recently saw success, as they were authorized to use the MoneyTap mobile payment app.