How Cryptocurrency is Affecting JDM Car Culture

Cryptocurrency has had a massive effect on the economy in the recent years. It has gained popularity and made headlines with many more people embracing it as a new way of transferring value. Transactions in our daily lives have been transformed dramatically through the adoption of blockchain technology and cryptocurrencies. And with the financial industry experiencing the massive disruption caused by cryptocurrency, many other industries have been affected through a ripple effect. Of course, this is because the financial industry is at the center of operations for all other markets. People and organizations are being affected both directly and indirectly by the cryptocurrency sweep. With the increasing popularity gained since 2018 through constant media coverage, cryptocurrency has become an inevitable part of most industries.

The Japanese Domestic Market (JDM) is not being left behind. The JDM Car Culture community has grown tremendously over the years with Japanese car brands stealing the hearts of many billions of people across the world. The Technological innovation, safety improvements and product enhancements have made Japanese cars to be popular and respectable. Everyone wants to be associated with the high-quality vehicles. With cryptocurrency sweeping over the way that people are making payments for different things today, many JDM car companies have realized its power and have decided to accept cryptocurrency as legit payment for their products as well as services.

​L’Operaio, a Japanese luxury car dealership, made an announcement to accept Bitcoin as a payment option for their products through bitFlyer- their Tokyo-based digital wallet. Another good example is Carriage Nissan, a Nissan dealership in Atlanta, Georgia that accepts payment through Bitcoin for their new Nissan cars. Many Japanese car dealerships have followed suit.

​Knowing JDM car enthusiasts, and especially with their love for technological innovation, it is almost obvious that many of them have embraced the popular, lucrative, and powerful cryptocurrency. We can, therefore, call the move by JDM car companies to incorporate use of cryptocurrency – smart. It is a sure way to make their businesses available to everyone in the new Digital Era. It is also a great way to own and control part of the blockchain technology.