By : Japanese e-commerce giant Rakuten has thrown open the account registration process for its service, Rakuten Wallet. The company the exchange in June, and prospective users who wish to use the platform will now be able to sign-up for the same.
Popularly known as the Amazon of and famous for providing cash backs, Rakuten its plans for the crypto exchange service last month.
I get way too excited when I see my cash back come through.
— Suzanne Weller (@suza_well)
Getting Started
Users must hold an account with Rakuten Bank to sign-up for the service.
“Customers who have a bank account of Group’s “Rakuten Bank” can start opening an account by entering necessary information on the web application format.”
The states that deposits and withdrawals into the Rakuten Wallet are possible only through the specified bank. This means that those who don’t hold the said bank account might not be able to access the .
The company has set up an artificial intelligence-enabled automated chat service that will respond to customer queries around the clock.
The e-commerce player also plans to launch a smartphone app to allow to make deposits and withdrawals into their account. The app will also enable to trade cryptoassets on the go.
Rakuten’s Love Affair with Crypto Continues
The launch of Rakuten Wallet is the latest in a series of steps that the Japanese internet giant has undertaken to integrate into its operations. Last year, Rakuten crypto exchange Everybody’s in a $2.4 million deal, stating that it is planning to enter the exchange market. Starting the registration process for Rakuten Wallet is the next logical step for the company before the exchange goes live in a couple of months. The company previously stated:
“Rakuten Wallet will contribute to the sound growth of the market as a virtual currency exchange company and will further enhance security and provide enhanced services so that more can use it safely and with confidence.”
Rakuten’s rollout of its own exchange will boost crypto . Apart from cryptoassets, consumers making purchases on the e-commerce site might be able to make payments using Rakuten Wallet as well. Rakuten is known for providing cash back to . There’s a possibility they might provide incentives to who make payments using Rakuten Wallet.
Published at Tue, 16 Apr 2019 19:00:06 +0000
