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Amazon's rival, Rakuten, a Japan-based online retailer that has been growing worldwide in recent years, has begun accepting listings for its new cryptocurrency exchange, Rakuten Wallet, with investors in Japan. bitcoin and cryptocurrency hoping that other technology companies, such as the US online retail giant Amazon, will follow.
Rakuten, a sprawling company that operates in & nbsp;E-commerce, online banking, media and communications have shown interest in bitcoin and cryptocurrency for some time, the company said last year. "The role of cryptocurrency-based payments in e-commerce, offline retailing and peer-to-peer payments will increase in the coming years."
The adoption of bitcoins and cryptocurrencies is difficult as banks and payment providers around the world are eager to digitize their systems and many expect the world's largest technology companies, from Rakuten to Amazon, through the Twitter microblogging site, lead to the next wave of adoption.
Bitcoins and crypto-currencies have proved popular in Japan, with around 10,000 companies in & nbsp; from the country accepting bitcoins in early 2018.
Getty
Bitcoin and cryptocurrency users must have a Rakuten Bank account or a member ID & nbsp; Rakuten to be able to subscribe to the service, without indicating when the general public will be able to register.
The cryptocurrency exchange is expected to open to the public from June this year.
This announcement has been hailed by some big names in bitcoin and cryptocurrency. The CEO of Binance, the world's largest volume cryptocurrency swap, said it meant "everyone will be crypto."
Until now, Amazon has resisted calls for it to start accepting bitcoin and other encrypted currencies, with the CEO of Binance & nbsp;Changpeng Zhao, often known simply as CZ, said that he hoped that the adoption of Amazon would trigger the next attempt of Bull Bitcoin. & Nbsp;
Changpeng Zhao, head of the respected executive of Bitance and Binance crypto-exchange, said that Rakuten's move to crypto was only a beginning.
Twitter / @cz_binance
Rakuten Wallet, previously known as Everybody's Bitcoin, was acquired by Rakuten for $ 2.4 million last August before being renamed "closed for renovation" in March.
At the same time, the actions of & nbsp; Rakuten & nbsp; surged before the initial public offering of & nbsp;start of Pinterest digital scrapbooking. Rakuten invested about $ 50 million in Pinterest in 2012. Bitcoin and cryptocurrency investors are hoping that the move from Rakuten to crypto will be as profitable. & Nbsp;
Elsewhere, other Japanese companies consider bitcoin and cryptocurrency as a future revenue vector. Yahoo! Japan (which is not part of the Yahoo bought by Verizon in 2017) has about 40% of bitcoin and TaoTao crypto exchange.
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Amazon's rival, Rakuten, a Japan-based online retailer that has been growing worldwide in recent years, has begun accepting listings for its new cryptocurrency exchange, Rakuten Wallet, with investors in Japan. bitcoin and cryptocurrency hoping that other technology companies, such as the US giant online sales Amazon, will follow.
Rakuten, a sprawling company with operations across E-commerce, online banking, media and communications have for some time been interested in bitcoin and crypto-currencies, with the company claiming last year "the role of payments based on cryptocurrency in e-commerce, offline and peer-to-peer retailing, payments will increase in the future. "
The adoption of bitcoins and cryptocurrencies is difficult as banks and payment providers around the world rush to digitize their systems and many expect the world's largest technology companies to Rakuten at Amazon, via the Twitter microblogging site, are leading to the next wave of adoption.
Bitcoin and cryptocurrency have proved successful in Japan, with around 10,000 companies in the country accepting bitcoin in early 2018.
Getty
Bitcoin and cryptocurrency users must have a Rakuten Bank account or a Rakuten member ID to be able to sign up for the service. However, there is no indication of when the general public will be able to register.
The cryptocurrency exchange is expected to open to the public from June this year.
This announcement has been hailed by some big names in bitcoin and cryptocurrency. The CEO of Binance, the world's largest exchange of cryptocurrency in volume, said that "everyone will eventually be encrypted".
Until now, Amazon has resisted calls for it to start accepting bitcoin and other encrypted currencies, along with Binance's CEO Changpeng Zhao, often known simply as CZ, said that he was expecting the adoption of Amazon to trigger the next round of nonsense.
Changpeng Zhao, head of the respected executive of Bitance and Binance crypto-exchange, said that Rakuten's move to crypto was only a beginning.
Twitter / @cz_binance
Rakuten Wallet, previously known as Everybody's Bitcoin, was acquired by Rakuten for $ 2.4 million last August before being renamed and "closed for renovation" in March.
In the meantime, Rakuten's shares jumped ahead of the US company's IPO. start of Pinterest digital scrapbooking. Rakuten invested about $ 50 million in Pinterest in 2012. Investors in bitcoins and cryptocurrencies hope the move from Rakuten to crypto will be as lucrative.
Elsewhere, other Japanese companies consider bitcoin and cryptocurrency as a future revenue vector. Yahoo! Japan (which is not part of the Yahoo bought by Verizon in 2017) has about 40% of bitcoin and TaoTao crypto exchange.
