Rakuten Integrates XRP into Payment System for Millions of Users
- Rakuten will allow its XRP to be used as a payment method across more than 5 million merchant locations in Japan.
- The integration will start on April 15, enabling users to buy XRP directly with Rakuten Points, which are valued at approximately $23 billion.
- Users can also spot trade XRP and hold it in their Rakuten Wallet, enhancing the app’s functionality.
- Over three trillion Rakuten Points are currently in circulation, allowing for seamless conversion into XRP.
- This move marks a significant milestone for Ripple and digital asset adoption in Japan.
By integrating XRP into its loyalty system, Rakuten signals a broader acceptance of digital assets among consumers. This development aligns with the company’s previous efforts to incorporate cryptocurrencies like Bitcoin and Ethereum into its platform.
With over 5 million merchant locations accepting XRP starting April, this initiative represents a pivotal shift in payment options for Rakuten’s 44 million customers.
