Rakuten, one of the largest retail chains for internet commerce in Japan, announced that it finalized the purchase of the cryptocurrency exchange, ‘Everybody’s Bitcoin’ for a figure that would amount to $2.4 million. In the morning, the company confirmed that it had acquired the exchange through its subsidiary, Rakuten Card. Though the agreement was sealed today, it will not enter into force until October 1st.
After much speculation, finally the electronic commerce giant will venture into the world of digital assets, commenting that the expectations are that cryptocurrency payments in will “grow in the future.”
“In order to provide payment services in cryptocurrencies in an appropriate manner, we believe it is necessary that we have a house exchange function For cryptocurrencies, and we were considering entering this field as the Rakuten Group.”
It is worth noting that the Rakuten platform has accepted payments in cryptocurrencies for more than two years, being one of the pioneers in the world of electronic commerce in and implementing this service. In addition, the company confirmed that this initiative to enter the world of cryptocurrency exchange is a response to requests made by their customers, a demand that increased considerably over the past few months.
“The Rakuten Group decided to acquire the shares of Everybody’s Bitcoin to carry out its registration as a cryptocurrency exchange and offer these services to customers, combining their expertise as Exchange and ours as a financial services provider,”
said a company representative.
It is also important to note that this would have been a very important change of
events for the Exchange, which would have been “hit” with an order for
improvement by the Japanese financial regulator, a situation that would have
questioned its ability to continue operating in the nation.
By Emanuel Andrade
