Mercari Unveils Auto-Buy Feature for Bitcoin and Ethereum

Mercari, a Japanese e-commerce company, has launched a new feature called 'Point Management' that allows users to automatically purchase Bitcoin and Ethereum using their accumulated points.

The feature, announced on September 15th by Mercoin, Mercari's subsidiary, enables users to convert their points into crypto assets at a rate of 1 point = 1 yen. This means that if a user has earned points through various campaigns or other means, they can automatically purchase Bitcoin and Ethereum without having to manually convert them.

The 'Point Management' feature allows users to allocate their points to both Bitcoin and Ethereum, with the purchase being split equally between the two assets. However, it's worth noting that a spread is included in the purchase price of crypto assets, acting as an effective transaction cost.