Rakuten has announced support for XRP within the Rakuten Pay app, enabling its approximately 44 million users to pay with XRP at over 5 million merchants in Japan starting April 15. Users will also be able to perform spot trades of XRP through the Rakuten Pay app, purchase XRP using Rakuten Points, and store it in their Rakuten Wallet. Rakuten previously supported Bitcoin, Ethereum, and Bitcoin Cash. A Ripple executive called this a significant milestone for the broader adoption of digital assets.
Rakuten to Support XRP as a Payment Method and Integrate It into Its Loyalty System
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Summary
Rakuten announced in digital asset news that it will support XRP as a payment method in its Rakuten Pay app starting April 15. Around 44 million users can use XRP to pay at 5 million merchants in Japan, trade it on the spot, or purchase it with Rakuten Points. The service also stores XRP in the Rakuten Wallet. Rakuten already supports Bitcoin, Ethereum, and Bitcoin Cash. A Ripple executive called the move a major step forward for digital asset adoption.
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