Cryptocurrency

22/01/19 10:08 UTC-4

Rakuten, the Japanese giant, opens a new payment subsidiary

Rakuten, a Japanese e-commerce firm, announced the opening of a new payment subsidiary, which includes its own cryptocurrency business, – tells company, January 21st.

Rakuten, informally known as "Amazon of Japan," originally announced last August that he would try to reorganize his various branches to improve the accountability and decision-making processes.

The company now declares that it will rename its subsidiary Spotlight Inc. in the Rakuten Payment new division, which will also manage its cryptocurrency exchange.

Interesting in the section: Status: uniqueness of the project

 

The launch of the company

Rakuten Payment, along with other details of the restructuring, should begin before April 1, according to the accompanying press release of the company.

After the launch, it will generate access for two operations: Everybody's Bitcoin cryptocurrency exchange, which Rakuten also acquired last August, and the Rakuten Edy card service.

Officials explained in a press release: "We were preparing a reorganization of the group by splitting companies to clarify accountability, improve management efficiency and optimize resource allocation, and thus continue to expand  Rakuten system and maximize corporate value."

Interesting in the section: Strengths and weaknesses of Вitstamp

Rakuten has been interested in the crypto-sphere for several years, deciding to accept Bitcoin (BTC) for the first time on his platform in 2015.

Editor: Yuliya Soroka

See also: "Saudi-Emirati cryptocurrency: a joint project of the United Arab Emirates and Saudi Arabia"

#RakutenPayment #Japan #Rakuten #payments #cryptocurrency

Comments

Similar

07/05/19 06:00 UTC-4

Bitcoin rate is growing: BTC crossed the $6,000 barrier

On May 7, the first Bitcoin cryptocurrency increased by 4.29%. Now, the weighted average rate of digital gold is $5,929. At the same time, the "high" deals in today's trading session have already crossed the border of the psychological barrier of $6,000.

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other