Rakuten, the Japanese Amazon, to accept cryptocurrency soon
|- Rakuten, the Japanese Amazon, to offer Bitcoin and cryptocurrency integration soon.
- Their mobile application platform, Rakuten Pay, will be updated to include “all payment solutions embedded into one platform.”
Rakuten, which has been called the Japanese “Amazon,” announced that they are looking to offer Bitcoin and cryptocurrency integration in the near future. Their mobile application platform, Rakuten Pay, is said to be released later next month with an integrated cryptocurrency payment option, along with fiat.
This updated app will include “all payment solutions embedded into one platform.” This can potentially open the gateway for other e-commerce platforms using cryptocurrency payment integrations as well.
This isn’t the first time that Rakuten has show interest in cryptocurrency integration. Back in January, Rakuten reportedly began shifting its corporate structure to make their cryptocurrency exchange Everybody’s Bitcoin into a new payments subsidiary. Rakuten acquired Everybody’s Bitcoin in August 2018 for $2.4 million.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.