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Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies



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9 Comments

  1. This is pretty cool, but it’s important to realise it’s essentially a very streamlined, single use case offramp for crypto. I.e. you send them your crypto, they give you their gift card (fiat fiat?) and you spend it.

    It’s not really much different to being able to sell on an exchange, withdraw currency and go the shop with it.

  2. tldr; Rakuten is now allowing crypto users to load up their Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. The company is also offering bonus points to people using the Rakuten Cash-buying function with crypto assets. There is no fee for conversion, but it is necessary to open a physical trading account using the company’s crypto wallet.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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