Rakuten Acquires Bitcoin Startup Team for Blockchain Lab Launch
Japanese e-commerce firm Rakuten is opening a blockchain development lab in the UK, a move that follows its acquisition of former employees at bitcoin payments startup Bitnet. Former Bitnet employees Stephen McNamara and Fergal Downey will spearhead the Belfast-based operation, which Rakuten said today will be focused on blockchain technology and FinTech more broadly. The move comes more than a year after the e-retailer began accepting bitcoin, becoming one of the more noteworthy firms in the Asia-Pacific region to explore adopting the digital currency as a payment method. It was around....
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Amazon competitor Rakuten is launching the Rakuten Blockchain Lab (RBL) in Belfast, UK, to explore potential applications for blockchain technology in fintech and e-commerce. Rakuten Sets Up Blockchain Lab. The establishment of RBL stems from Rakuten’s earlier investment in Bitcoin wallet and payments software firm Bitnet, a startup notable for its....
E-commerce giant Rakuten has acquired the IP assets of the Bitnet payment platform and opened a blockchain lab in Belfast, U.K. Rakuten Blockchain Lab (RBL) will be a research and development organization focused on blockchain technology and its applications to fintech and e-commerce. Rakuten invested in Bitnet Technologies Ltd., a blockchain-powered digital payments platform, in 2014. Rakuten began accepting bitcoin payments last year using Bitnet, CCN reported. Rakuten.com is similar to Amazon in that it serves as a platform for multiple merchants, all of whom have been able to accept....
Blockchain technology has gotten a major boost in Japan as Rakuten has committed itself to the research and development of blockchain solutions for e-commerce. Meanwhile, Ripple's Asian branch has announced a new bank consortium to build and deploy a blockchain-enabled platform for payments and settlements. Japan's internet and e-commerce giant Rakuten has opened a new blockchain lab in Belfast, Ireland, dedicated to developing blockchain applications for the fintech and e-commerce sectors. The launch of the Rakuten Blockchain Lab (RBL) follows the firm's acquisition of Bitnet....
Rakuten Group, the Japanese electronic commerce and online retail company based in Tokyo has announced the launch of a non-fungible token (NFT) marketplace called Rakuten NFT. The announcement notes that new features will be added in the future, and a peer-to-peer service for minting and selling NFT content is planned to launch in 2023.
Rakuten Launches Non-Fungible Token Marketplace
During the last few years, the Japanese online retail giant Rakuten has been dipping its feet into the world of cryptocurrencies and blockchain solutions. In the summer of 2019, Rakuten launched a....
Rakuten, the Japanese ecommerce major has finalized the acquisition of Bitnet. The company has also announced the upcoming launch of a new Blockchain Lab in Belfast, Northern Ireland. The Japanese e-commerce and finance Major, Rakuten has confirmed the acquisition of Bitnet. The acquisition is the result of Rakuten’s increased interest in Bitcoin and blockchain related intellectual property owned by Bitnet. Headquartered in San Francisco, Bitnet is a provider of Bitcoin-based payment solutions for merchants and businesses. The company had previously raised investments from various parties....