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.”

Rajarshi Mitra Independent Analyst

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.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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