bitFlyer rolls out Visa-powered Bitcoin prepaid card in Japan

Mainstream Bitcoin adoption continues in Japan, and this time with a little bit of boost from cryptocurrency exchange bitFlyer.

The Tokyo-based exchange, considered to be the largest in Japan by trading volume, introduced last week its own reloadable Visa-powered prepaid card. Starting Oct. 6, Bitcoin users in the country can apply for the bitFlyer-branded prepaid card, which they can fund with Bitcoin and use at stores in the country that accept Visa cards.

bitFlyer said on its website that the cards are free to use, and doesn’t require an admission fee nor will it charge an annual fee. However, there is a JPY30,000 (USD266) limit per load, as well as a monthly load limit of JPY120,000 (USD1,067) and a lifetime load limit of JPY1 million (USD8,894).

The bitFlyer prepaid card has a five-year expiration date, and its balance cannot exceed JPY100,000 (USD889), according to the company.