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Japan has a new cryptocurrency-themed girl band

A newJ-pop girl band is capitalising on the cryptocurrency craze by singing about the digital currency marketwhile wearingmetallic wrestling-style masks and Frenchmaid dresses.
Each girl in the eight-strong group, who go by the name of Virtual Currency Girls or Kasotsuka Shojo in Japanese wears a furry mask torepresent a different currency, such as Bitcoin, Ethereum and Ripple.
The band held their first concert in Tokyo earlier this month, where they sang their debut songThe Moon, Cryptocurrencies and Me. Lyrics include:"Be careful about your password! Don't use the same one!",to warn against the dangers of trading cryptocurrency, andDont underestimate the market!
Japan has a new cryptocurrency-themed girl band

Japan's new pop group Kasotsuka Shojo performed live in Tokyo earlier this month

Credit:
KAZUHIRO NOGI/AFP
The group was launched by Japanese entertainment company Cinderella Academyto educate the public about the cryptocurrency world and the benefits ofdecentralised digital currencies such as Bitcoin.
Rara Naruse, 18, the group's leader said:"They're so convenient, you kind of have to wonder why we didn't have them before.We want everyone to learn more about them."
She said the group's intention was not to promote investment, but rather to teach people about cryptocurrencies in an entertaining way.
Japan has a new cryptocurrency-themed girl band

The Virtual Currency Girls wear cryptocurrency-themed masks while they perform

Credit:
KIM KYUNG-HOON/REUTERS
The group, who are paid in cryptocurrency for tickets and merchandise at their concerts,said on Monday that they had refused an offer to be paid in yen despite a ?300mcyber heist on a leading Japanesecryptocurrency exchange, which could jeopardise the band's chances of getting paid.
The group'scryptocurrency account, which pays some of the bands salary, was among the 260,000 frozen as a resultof the suspension of trading at Coincheck on Friday following the theft of NEM, adigital currency similar to Bitcoin.
Hinano Shirahama, who represents the Bitcoin member of the band,said:Our manager offered to pay us in yen, but we declined."
Japan has a new cryptocurrency-themed girl band

TheVirtual Currency Girls

Credit:
KAZUHIRO NOGI/AFP
Japan ishome toa large number of digital currencies, and is the secondbiggest marketfor Bitcoin tradingafter the US. According tospecialist website jpbitcoin.com, nearly one third of global Bitcointransactions in December were denominated in yen.
Cryptocurrencies are particularly popular among young investors in Japan, lured by the prospect of strong profits in an economy that has seen ultra-low interest rates for many years and low returns from traditional assets.
Last year,Japan's financial authorities passed a law recognising Bitcoin as legal tender, andgranted licences to 11 cryptocurrency exchangesites,in a move that set itself apart from countriessuch as China,which are clamping downon virtual currencies.
Bitcoinwas invented in 2008 by a person or group going by the pseudonymSatoshi Nakamotoa maleJapanesename that loosely translates as wise.
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