According to reports, the biggest railway and subway company in Japan is looking to add support for cryptocurrency payments as an option for its users. This move has the potential for millions of tourists and citizens to use cryptocurrencies to pay for transportation.

One of the biggest news network ANN News the JR Group could establish cryptocurrency payment options through a partnership with a major bank, that could also see it launch a cryptocurrency firm, believed to be an exchange.

With this new system in place, it would see JR Group patrons to top up their prepaid e-cards that allow people to pay for goods and services known as, Suica payment cards. The company released some statistics which show that 70 of these cards were issued as of March last year.

Japan's biggest railway is reportedly looking to add #cryptocurrency payments, and some reports suggest they're also planning to launch a #crypto exchangehttps://t.co/IMwbyLDo26 — Francisco Memoria (@FranciscoMemor) 31 March 2019

News reports have suggested that the cryptocurrency exchange, dubbed Decurret, has already been licensed by Japan’s Financial Services (FSA) to operate in the nation. It could start trading later this month, starting off with cryptocurrencies such as Litecoin, Bitcoin, Bitcoin Cash and XRP trading pairs.

You might be wondering where Ethereum is, well ETH is set to get involved on the platform by June or July this year.

So whereas, this move could be seen as a way for the JR Group to avoid paying a third-source platform for transaction fees and would instead add a new income source to its portfolio.

Despite the prolonged bear market that space market has been experiencing over this last year, Japan’s cryptocurrency scene seemingly hasn’t stopped growing. The country has made Bitcoin a legal payment method in April of 2017 and since then, new retailers have started welcoming in cryptocurrency.

As reported, Japan’s largest online retailer Rakuten has considered introducing cryptocurrency payments and is set to launch its own cryptocurrency exchange after receiving approval from the FSA.

Japan’s biggest electronics retailer, Bic Camera has been accepting Bitcoin for more than a year and has reported an increase in Bitcoin usage during last year’s bear market.