Japanese pop group chants cryptocurrency choruses

By Kwiyeon Ha

TOKYO (Reuters) - A Japanese pop group hopped on the bitcoin bandwagon on Friday, dedicating themselves to singing and dancing about the cryptocurrencies that have taken the world by storm, and especially their homeland.

In their debut, the eight "Virtual Currency Girls", or Kasotsuka Shojo in Japanese, cavorted in maid costumes with frilly skirts and full-face professional wrestling-style masks with fuzzy pom-pom ears, extolling the virtues of decentralized digital currencies such as bitcoin.

"They're so convenient you kind of have to wonder why we didn't have them before," said Rara Naruse, 18, the group's leader. "We want everyone to learn more about them."

Each group member adopted the guise of a different cryptocurrency, offering a brief self-introduction to 20 fans gathered at the venue in downtown Tokyo.

Then they launched into "The Moon, Cryptocurrencies and Me", a stirring anthem incorporating lines such as "Be careful about your password! Don't use the same one!" to warn against the dangers of trading cryptocurrency, and also more obscure ones, in English, such as "Hot day, forget myself, go to the moon."

Naruse emphasized on the group's website that it is not out to promote investment, but rather to teach people about cryptocurrencies in an entertaining way.

The maid costumes aimed to raise the group's popularity with the use of a globally recognizable "uniform," she added. Naturally, all merchandise sold at the venue is paid for in bitcoin, as are concert tickets and the members' salaries.

"I know absolutely nothing about bitcoin and other cryptocurrencies, but I want to make sure I have some on hand for further concerts and to buy merchandise," said fan Kensaku Nagao, 46.

Japan and South Korea are home to some of the bigger digital exchanges, with investors piling in as growth in bitcoin and other cryptocurrencies soared last year, provoking regulators' concerns.

On Thursday, South Korea said it planned to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil.

(Writing by Elaine Lies; Editing by Clarence Fernandez)

Must Read

Great Lakes no help for a struggling Trump on road to 270

Aug 15, 2016

Donald Trump needs a place to reset the electoral map, and he seems to be looking at the industrial heartland states on the Great Lakes.

UK manufacturers see costs jump in wake of Brexit vote

Aug 16, 2016

Official figures show consumer prices in Britain rose more than expected in July, while the cost of raw materials for manufacturers are mounting as a result of the pound's drop in the wake of the vote to leave the European Union

Bolt advances, Russian qualifies and an engagement at track

Aug 17, 2016

The midpoint of the nine-day track and field program at Olympic Stadium was a day for diamond rings and making friends, a rare Russian hello and a surprising Brazilian farewell

Search

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com