Japanese Cryptocurrency Soars

When it comes to cryptocurrency, the nation of Japan has had an interesting approach. In fact, it is purported that the original creator of Bitcoin, an individual known as Satoshi Nakamoto, was Japanese. However, no one really knows whether or not this is actually true. What we do know for a fact is that Japan has its own cryptocurrency. Known as Monacoin, this cryptocurrency was actually started as a joke. In fact, the founder, a person called Mr. Watanabe, wanted Monacoin to operate as a type of game currency. But the Japanese people had other things in mind.

 

Boasting a cat emoji for its logo, Monacoin was started back on January 1, 2014. With users and developers adding their input, this crypto has become much more advanced than it originally was. With one Monacoin equal to approximately $3.74 at this point, Japan appears to be priming its infrastructure for this crypto to stick around. In fact, some people are even pushing to use Monacoin to buy real estate—and the markets are listening. Some brick-and-mortar stores, as well as online outlets, have also started to accept Monacoin. Additionally, a Twitter users have set up a tipping system that allows them to send Monacoin to others.

 

After the collapse of Mt. Gox, the Japanese people craved a cryptocurrency that could be seen as more stable and secure—and they have found this in Monacoin.

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