Rakuten buys Everybody's Bitcoin

  • E-commerce giant, with offices in Belfast, acquires Japanese bitcoin exchange.

    Japanese e-commerce giant Rakuten is planning another step into the cryptocurrency industry with the acquisition of a local Japanese bitcoin exchange, called "Everybody's Bitcoin"

    Explaining the move, Rakuten said it believes "the role of cryptocurrency-based payments in e-commerce, offline retail and in P2P payments will grow in the future," adding:

    "In order to provide cryptocurrency payment methods smoothly, we believe it is necessary for us to provide a cryptocurrency exchange function."

    Further, the firm indicated that the acquisition is in response to demands from a growing number of foreign exchange customers on its securities business arm, who have been calling for the offering of a cryptocurrency exchange service.

    Rakuten opened a Research & Development Lab focused on blockchain & cryptocurrencies technology in Belfast back in August 2016. 

    The Belfast team is working with various Rakuten companies on this and other exciting projects.

    About the author

    An article that is attributed to Sync NI Team has either involved multiple authors, written by a contributor or the main body of content is from a press release.

    Got a news-related tip you’d like to see covered on Sync NI? Email the editorial team for our consideration.

Share this story