Japan's Amazon, Rakuten, opens registrations for its new crypto exchange

17 Apr, 2019
by Richard Allen
Exchange
Japan's Amazon, Rakuten, opens registrations for its new crypto exchange

Japan’s answer to Amazon, e-commerce giant Rakuten, has begun accepting account registrations for its new cryptocurrency exchange, Rakuten Wallet.

According to the official announcement, customers who have an account with Rakuten Bank can sign up in preparation for the exchange’s launch. Additionally, according to its website, users with a Rakuten member ID can also begin registration. However, there's no indication when registrations will open to the general public.

The announcement goes on to say that the firm has rolled out an automatic response chat service that utilizes AI technology to respond to customer queries 24 hours a day, seven days a week. Additionally, there are plans in the works to release a smartphone app so users can trade crypto and make withdrawals and deposits.

In August last year, Rakuten bought cryptocurrency exchange Everybody’s Bitcoin for $2.4 million. On March 1, Rakuten rebranded Everybody’s Bitcoin to Rakuten Wallet. Rakuten, which began accepting Bitcoin payments in 2015, said in August that it believes “the role of cryptocurrency-based payments in e-commerce, offline retail and in P2P payments will grow in the future.”

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