By CCN Markets: Rakuten, the largest e-commerce company in Japan which serves well over 1.2 billion individuals globally with its e-commerce and payments services, has officially launched a cryptocurrency exchange. The official statement of Rakuten read: "Rakuten Wallet, Inc., a consolidated subsidiary of Rakuten Group and operator of a crypto asset (virtual currency) exchange business, announced...
By CCN: In 2008, at least 54,000 Chinese babies suffered after ingesting formula that had been contaminated. Demand for safe products has grown year over year, every year, since then. Companies like blockchain-centric Techrock have capitalized on this market by finding unique solutions to the authenticity problem. Techrock uses the blockchain to track every step of a product’s lifecycle and...
By CCN: Japanese e-commerce giant Rakuten has thrown open the account registration process for its cryptocurrency trading service, Rakuten Wallet. The company plans to launch the exchange in June, and prospective users who wish to use the platform will now be able to sign-up for the same. Popularly known as the Amazon of Japan and famous for providing cash backs, Rakuten revealed its plans for...
Rakuten Inc. just announced their intention to terminate "All Bitcoins Inc." and launch their own “Rakuten Wallet” on March 30. Businesses launching crypto wallets is nothing new, following companies like Line, KIK and KakaoTalk. The news comes after Rakuten completed their filings as a virtual currency exchange company (VCEX.) The company stated: Rakuten Wallet will contribute to the sound...
Japanese e-commerce retail giant Rakuten has announced its foray into the cryptocurrency sector with its acquisition of crypto exchange ‘Everybody’s Bitcoin’ in a ¥265 million ($2.4 million) deal. In an announcement on Friday, the company revealed details of its 100% share acquisition of Tokyo-based crypto exchange Everybody’s Bitcoin through its subsidiary Rakuten Card. The share transfer...
Leading Japanese e-commerce platform Rakuten will transition its rewards program to a blockchain-based system featuring a company-developed cryptocurrency. E-Commerce Giant Rakuten to Launch Cryptocurrency-Based Rewards Program Rakuten CEO Hiroshi “Mickey” Mikitani made this announcement at the Mobile World Congress in Barcelona, according to a TechCrunch report, explaining that the token would...
E-commerce giant Rakuten has acquired the IP assets of the Bitnet payment platform and opened a blockchain lab in Belfast, U.K. Rakuten Blockchain Lab (RBL) will be a research and development organization focused on blockchain technology and its applications to fintech and e-commerce. Rakuten invested in Bitnet Technologies Ltd., a blockchain-powered digital payments platform, in 2014. Rakuten...
Rakuten.com (formerly Buy.com), one of the oldest shopping sites on the web, has announced that it will begin accepting Bitcoin payments today using Bitnet. Rakuten.com is similar to Amazon in that it serves as a platform for multiple merchants, all of whom will be able to accept Bitcoin now thanks to the partnership with Bitnet. The company's executives were enthusiastic about the move, with...