As per the company’s statement it has inked a share transfer agreement for 100 % of an exchange known as ‘Everybody’s Bitcoin.’ This purchase costed the company around $2.5 Mln’s.
Explaining this, Rakutenmentioned thatit believes in the role of digital currency-based payments in e-commerce, offline retails and P2P payments that will definitely growin the coming future.“
Adding further the company said that:
“In orderto ensuredigital currency paymentstrategiesswimmingly,we tend tobelieveit’snecessary to supplya crypto exchangefunction.”
Further, the firm indicated that this is in response to demands from a growingvarietyof customers on its securities business arm thatare already asking forproviding a cryptocurrency exchange service.
Launched earlier in March precious year, ‘Everybody’s Bitcoin’ today isone amongst the many unauthorised crypto exchanges operating in Japan that cameunderneathscrutiny from Japan’sFinancialServices Agency. With the planned acquisition, Rakuten aimsto helpthe exchange in enhancing its internal systems ina trialto fulfillwith the regulator’snecessitiesforgettinga license.
This deal follows after a previous report that Rakutenis additionallyprogressing tolaunch its own cryptocurrency asthe simplest wayto assisttheclusterexpand itsinternationaluser base. Thee-commerce firminitiallystartedacceptingbitcoin payments back from 2015,afterit integrated its U.S.web sitewith bitcoin payment processor ‘Bitnet’.