"We want to promote the idea through entertainment that virtual currencies are not just a tool for speculation but are a wonderful technology that will shape the future," The group's 18-year-old leader Rara Naruse.
Japan passed laws last April that recognize bitcoin as legal tender, and cryptocurrency trade in the country accounts for around half of global trade volume. The band itself was started by entertainment company Cinderella Academy to educate the public about cryptocurrencies. Cinderella Academy also manages other J-pop bands.
Kasotsuka Shojo's debut single is called "The Moon and Virtual Currencies and Me" and is a blistering electro-pop song that warns listeners to be aware of fraud and to maintain their security online.
The group takes payment for concert tickets, merchandise, and other products exclusively through cryptocurrencies including bitcoin and ethereum.