Tech Bureau Inc. has announced the addition of a major bitcoin exchange to its cryptocurrency line-up Zaif (http://zaif.jp/). The announcement came in conjunction with a $835,000 funding it received from Nippon Technology Venture Partners (NTVP). Zaif already has the reputation of being the world’s largest Monacoin exchange, and with the latest development, the possibility of Zaif growing to become the largest cryptocurrency exchange in Japan has increased manifold.
General partner of NTVP, Kazutaka Muraguchi, embraced the role of cryptocurrencies in reforming the global financial system.
“Crypto currencies 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 crypto currency market,” he said.
The Japanese have been slow to accept the digital currencies since the world’s biggest Tokyo-based Bitcoin exchange Mt. Gox filed for bankruptcy. However, Tech Bureau’s CEO Takao Asayama has other plans. He intends to change the perception of the masses with Zaif’s expanded services, which now allow people to trade Japanese Yen, Bitcoin, and Monacoin, which is also Japan’s leading cryptocurrency.
But until Asayama’s efforts to change the public perception bear fruits, Tech Bureau plans to leverage popular digital currencies such as Monacoin with an underlying purpose to ultimately accelerate Bitcoin adoption in Japan.
“By providing the most user-friendly crypto currency exchange on the market, we are creating an environment that encourages Japanese people to increasingly rely on crypto currencies in the future,” said Asayama.
Monacoin is a Japanese cryptocurrency similar to Bitcoin; it is a peer-to-peer network and is based on an open source protocol.
Tech Bureau intends to use any boom in local cryptocurrencies to steer Japan toward more widespread acceptance of Bitcoin. With this, Asayama hopes to turn Zaif into the country’s largest Bitcoin exchange.
Tech Bureau launched Zaif, a Bitcoin wallet in July 2014. Zaif tasted phenomenal success in no time, with around 2,000 users in the first 48 hours.