Rakuten Wallet Expands XRP Utility in Japan
- Rakuten Wallet enables users in Japan to convert loyalty points into XRP and use it for payments.
- The integration connects XRP with Rakuten’s ecosystem, reaching over 5 million merchants.
- Rakuten Pay has a user base of 44 million, with more than $23 billion in loyalty points now redeemable for XRP.
- Ripple’s Tatsuya Kohrogi highlighted this as a major milestone for XRP adoption on April 30.
The Rakuten Wallet integration allows users to exchange Rakuten Points for XRP, facilitating spot trades and funding purchases through Rakuten Pay at millions of locations. This initiative marks one of the largest retail deployments of XRP as a payment method.
With the significant scale of Rakuten’s user base and merchant network, this deployment positions XRP as both a financial asset and a practical payment option within Japan’s consumer market. (Source)
