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The Japanese e-commerce and business giant Rakuten has taken yet another significant step into the world of crypto – by linking its crypto platform with its e-pay operations.
In an official release, the firm announced that it would allow customers of its Rakuten Wallet crypto wallet and exchange platform to top up their e-pay accounts using bitcoin (BTC), ethereum (ETH) and bitcoin cash (BCH), in what it claimed was a Japanese first: PayPal Touts Crypto For As Its 'Super App,' Yet It Won't Buy Bitcoin Just Yet- The Digital Yuan Must Dethrone Alipay and WeChat Pay in Order to Take on USD - Researcher.
The company operates its own Rakuten Cash and Rakuten Pay ecosystems, which allows customers to spend their money via smartphone apps at participating outlets, including the convenience store chains Lawson and 7 Eleven, as well as the Seiyu supermarket group.
Rakuten Cash can also be exchanged for Rakuten Points, which can be used to pay at partner firms like McDonald’s in Japan, as well as the retail chain FamilyMart.
The gateway will mean that crypto customers will also be able to spend their tokens on a range of Rakuten’s own products and services, including its mobile operations, travel, streaming services, as well as its Kobo e-books and audiobooks retailing platform.
This will further boost the crypto market as Rakuten has added a tab to its e-pay app for its bitcoin users. The firm stated that the service would launch in spring this year, and transactions would be limited to around USD 9.50 with a maximum monthly limit of USD 950,000.
Learn more about - Business giant Rakuten offers Bitcoin “cashbacks” for pizza deliveries. - The Bank of International Settlements and the depository guarantee fund intensify their battle over crypto payments.
Digital Yuan must dethrone Alipay and WeChat before taking on USD - Researcher
The firm stated that the service would launch in spring this year and crypto transactions would be restricted to a minimum of around USD 9.50, with a maximum monthly limit of USD 950,000.
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Learn more:
- Business Heavyweight Rakuten Offers Bitcoin ‘Cashback’ on Pizza Delivery
- BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments
- Bill Gates Champions His Own ‘Digital Money’ - But What Is It?
- PayPal Touts Crypto For Its 'Super App,' But It Won’t Buy Bitcoin Just Yet
- Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD - Researcher
