The Sartori Coin will introduce people in Japan to bitcoin in a unique way.
The Corbett Report , an independent, listener-supported alternative news source in Japan, featured Yoshi Kan of Raimu Inc., a Japanese import company, who said he is preparing the release the Sartori Coin , a physical bitcoin.
Kan said he and his brother became interested in bitcoin after reading a book called “The Creature from Jekyll Island.” He said they realized bitcoin is like digital gold in that it is money not based on debt. “It has a great future, we thought.”
“Bitcoin exists only on the Internet, but we wanted to spread the understanding of bitcoin among the Japanese people,” Kan said. They imported Japan’s first bitcoin ATM in 2014 but soon realized the ATM concept is too advanced for most Japanese people.
He began thinking what to do to spread the use of bitcoin among the Japanese. He came up with the idea of a physical bitcoin. An Affordable Physical Bitcoin
Kan said there have been other physical bitcoins such as Casaccius and Denarium , but they have been too costly. “We wanted to make the world’s most affordable physical bitcoin,” he said.
There is a “digital divide” between those who do and don’t have Internet access. He said he wants to give people with no Internet access the ability to store bitcoin.
The Sartori coin carries a small amount of bitcoin. Each 0.001 BTC (about 50 cents USD) is loaded onto each coin. He made the value so to make it nearly impossible to money launder, tax evade, or fund illegal activities with it. “We wanted just enough so that just in case bitcoin goes to zero, somebody’s going to lose sleep over it,” Kan said. U.S. Law Stymies The Coin The coin will not be available in […]
