• 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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price prediction: What next after BTC/USD breaks below $8,000?

BTC/USD suffered a heavily bearish Wednesday, wherein its price fell from $8,158 to $7,994, going below the $8,000-level in the process. So far today, the price has fallen further to $7,975.

More Bitcoin News

Ripple price analysis: XRP/USD on the verge of rising channel breakdown

The bears have in full swing resumed their control over the entire cryptocurrency market. Even assets that have been immune to losses in the past few days such as ...

More Ripple News

Ethereum price analysis: ETH/USD dips below $175 as bears continue to be on the driver’s seat

ETH/USD went down from $180.85 to $174.65 this Wednesday. So far, it has fallen further to $174.15. The hourly chart shows us that the price of the asset fell from $179.20 to ...

More Ethereum News

Bitcoin Cash market update: BCH/USD retesting key support area

Bitcoin Cash could no longer defend that support discussed on Wednesday at $220. As predicted in the price analysis, a break under the support tested the next target support around $215.

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast

BTC

ETH

XRP