Rakuten Acquires Bitnet, Establishes Blockchain Lab For Fintech And E-Commerce
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....
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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....
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....
Tokyo-based e-commerce company Rakuten, is planning to acquire the intellectual property assets of Bitcoin payment processor, BitNet. Rakuten Inc, has already started to negotiate with the California-based company to purchase BitNet’s various intellectual properties. Potentially for its blockchain digital asset management, payment and B2B cross-border remittance services which will allow the e-commerce business to experiment and modify services to better fit its e-commerce needs. According to the Wall Street Journal, it is believed that Rakuten might be using BitNet’s IP assets to develop....
Rakuten in talks with Bitnet to acquire its Intellectual Property to continue its research and development of blockchain solutions. It has been a bit over a year since Rakuten, the Japanese e-commerce major decided to use Bitnet to accept bitcoin payments on its platform. Now, the company is looking forward to acquiring the intellectual property rights for bitcoin-based payments system from Bitnet. According to reports on a prominent business magazine, Rakuten Inc. (TYO : 4755) and Bitnet Technologies Limited are currently involved in negotiations to trade intellectual property rights....
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....