Trading Now Available!
In a significant leap into the world of cryptocurrencies, Rakuten Wallet has officially launched trading services as of August 19. This platform, a proud arm of the Japanese e-commerce titan Rakuten, is set to revolutionize how locals engage with digital assets. Three trading pairs are currently available: Bitcoin (BTC), Ether (ETH), and Bitcoin Cash (BCH).
Seamless Setup for Users
For those sporting a bank account with Rakuten Bank, hopping onto the crypto-train has never been easier. The press release highlights a straightforward online application process to create a Rakuten Wallet account. It’ll be as easy as entering the necessary details, and voilà—you’re ready to ride the waves of the crypto market!
Mobile App Coming Soon
In the spirit of modern convenience, Rakuten Wallet has hinted at the upcoming launch of a mobile app for both iOS and Android platforms. This app will be essential for any deposits or withdrawals, making transactions as easy as tapping your screen. Because who doesn’t want to manage their crypto portfolio while waiting in line at the coffee shop?
A Brief History of Rakuten’s Crypto Journey
Let’s rewind a bit: Rakuten took its first significant step into this realm by acquiring Everybody’s Bitcoin in August 2018, shelling out a cool $2.4 million. The excitement for the launch was announced earlier this year, but instead of racing to the finish line, the project seemed to hit the brakes momentarily. Well, better late than never, right?
Japan’s Crypto Landscape: A Growing Giant
Japan’s cryptocurrency scene is bustling and ever-evolving. With an increase in competitors, Rakuten Wallet is stepping into a hot market teeming with players looking to grab a piece of the action. The Japanese government is also keen on progress; last month, they proposed a crypto-based alternative to SWIFT, a move that garnered approval from the illustrious G7. Why not spice things up, right?
Look Out for the Big Players
Not to be left out, other major companies like the Monex Group, which has its hands on the notorious Coincheck exchange, are also pushing boundaries. Monex is eyeing an entry into Facebook’s Libra digital currency network. Talk about keeping up with the Joneses!
Conclusion: What’s Next for Rakuten Wallet?
As Rakuten Wallet launches into the sparkling realm of cryptocurrency trading, the future looks bright and competitive. With plans for a comprehensive app and a booming market, there’s no telling how this platform will evolve. Will it become Japan’s leading exchange? Only time will tell, but we’re definitely putting our bets on it as it shakes up the digital currency landscape.
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