XRP Could See Fresh Demand As Japan’s Rakuten Unlocks Loyalty Point Conversions
Japan’s crypto tax overhaul could soon make Rakuten’s new XRP feature far more attractive. Policymakers are reviewing a proposal to slash capital gains rates on digital assets from 55% to 20% — a change that would dramatically alter how Japanese consumers think about holding and spending cryptocurrency. Related Reading: Bitcoin Could Free Businesses From Bank […]
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“If you’re trying to own someone, you’ll trigger their defenses and accomplish nothing.” That line sits at the heart of a new tool built by a Nordic Bitcoin education group — one that aims to change how Bitcoin supporters respond to criticism online. Related Reading: XRP Could See Fresh Demand As Japan’s Rakuten Unlocks Loyalty […]
Japan’s biggest loyalty program may have just become one of crypto’s most unexpected entry points. Related Reading: Bitcoin Could Hit $85K Before April Ends, Analyst Says A Rewards System Worth $23 Billion Opens Up Rakuten is sitting on more than 3 trillion loyalty points — valued at roughly $23 billion — and users can now convert those points into XRP. That single detail changes the nature of this integration. It is not just another tech company adding a crypto option. It is an existing, widely used rewards system being turned into a direct path into digital currency, no....
Japanese retail giant Rakuten has integrated its crypto wallet with its payment app, enabling consumers to directly load and convert their Bitcoin holdings for use in everyday spending. Crypto-friendly Japanese retailer Rakuten is now enabling users of Rakuten Wallet, its crypto exchange subsidiary, to easily spend their cryptocurrency holdings in everyday transactions. According to an announcement published on Feb. 24, users are now able to load up their Rakuten Pay accounts seamlessly with their wallet holdings of Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH). Rakuten Pay is a mobile....
Iran’s currency has lost between 60% and 70% of its value against the US dollar. One of the country’s largest banks collapsed last December. And now, nearly half a billion dollars in cryptocurrency tied to the Iranian government has been seized by the United States. Related Reading: XRP Could See Fresh Demand As Japan’s Rakuten […]
“Rakuten’s mission is to empower the world through the Internet,” commented Yaz Iida, President of Rakuten USA. “Not only can bitcoin support this vision by helping our merchants better compete globally, but it also has the potential to benefit society by enhancing the security, privacy, and convenience of financial transactions.” Rakuten, a giant in Japan’s business world, will now allow US customers to pay for items on its website, Rakuten.com (formerly buy.com), which offers almost everything one could think to buy. From kitchen appliances, office supplies, videos games, books and more,....