Further evidence that bitcoin and all associated digital currencies are entirely serious competitors to fiat currency: Japan’s latest pop sensation is Kasotsuka Shojo, a band whose name translates to Virtual Currency Girls.
The J-pop group contains eight girls, each of whom represents one of the larger digital monetary formats. The first concert was last week — and yes, tickets could only be bought with cryptocurrency.
The group's first single, “The Moon and Virtual Currencies and Me,” is about the importance of proper online security and the risks of fraud.
Sounds like a real barnburner.
Kasotsuka Shojo also has a point of view to promote — namely that digital currency is not a “tool of speculation,” but rather a means of creating a “wonderful future.” Japan, which is one of the world’s most active hubs of digital currency trading, is particularly receptive to this pop message.
The question is how long Japanese consumers will follow along, given the rather short shelf life of the average J-Pop act. Will a digital currency crash kill Kasotsuka Shojo — or will the band and people’s love of bitcoin carry them through?
We'll keep you posted.