Although digital assets haven't yet captured the Western market on a broad scale, Japan—a key player in Bitcoin's history—is welcoming the crypto revolution. small Canadian town Japan has shown remarkable openness to cryptocurrency innovation, unlike many Western regions. Mt. Gox Rakuten, a giant in Japan's online shopping sector, confirms plans to start a crypto exchange soon, reinforcing digital currencies as credible in Japanese society.
From its Tokyo base, Rakuten, valued at $13.5 billion, is preparing to unveil Rakuten Wallet in June 2019. Starting on April 15th, users can register for free accounts, in line with many other exchanges.
Meet Rakuten Wallet
According to a press release What sets Rakuten apart is their plan to roll out a dedicated mobile app for the exchange, enabling digital currency trading on the go. The company also plans to deploy AI-driven customer service to handle inquiries efficiently, a strategy that addresses a common pain point in the crypto industry.
While specific digital currencies for Rakuten Wallet haven't been disclosed, the firm has pledged to use cold storage solutions—reassuring, given security breaches seen at Bithumb and DragonEx.
Rakuten's bold step into crypto is likely encouraged by the Financial Service Agency’s (FSA) nod, granting them a virtual currency exchange license. potentially CoinBene , and Cryptopia in relatively rapid succession.
Rakuten's crypto exchange launch cements Japan’s apparent strategy to pivot towards an economy reliant on digital currency transactions. often-stringent regulator .
Japan’s Booming Crypto Economy
In recent news, Kazuhiro Tokita, president of FSA-approved DeCurret, proposed a system allowing Suica cardholders to recharge using digital currencies—a significant prototype that JR East may adopt.
As millions of Japanese residents use JR East for travel, there's buzz around its possible move to accept cryptocurrencies. While it's unclear which ones JR East might support, DeCurret looks poised to offer trading in Bitcoin and other major coins.
While JR East's plans for crypto fees remain unconfirmed, Japan's largest electronics store, Bic Camera, has been accepting Bitcoin since April 2017.
Bic Camera, a large electronics chain in Japan, announced that even though Bitcoin sales make up less than 1%, its acceptance highlights the store’s support for digital innovation. accepts Bitcoin Beyond blockchain currencies, Mizuho Bank plans to launch 'J-Coin,' aligning with Tokyo's 2020 Olympics, though no blockchain technology will underpin it. claims Blockonomi previously detailed Mizuho’s J-Coin project—described as a 'digital currency platform'—indicating a centralized rather than decentralized approach.
Some industry voices, including venture capitalist Tim Draper and Binance CEO Changpeng Zhao, suggest centralized projects can increase public interest in genuine cryptocurrencies. reported As an experienced writer covering crypto since 2013, I've been featured in leading publications like LongHash, NewsBTC, and Decrypt. Outside of writing, I contribute to HTC's EXODUS division and hold a small amount of Bitcoin. Contact me at [email protected]
Significant movements in the crypto sphere: Over $500M in Bitcoin and Ethereum transferred—are investors gearing up for BinoFi’s rise in DeFi?
Despite Bitcoin stabilizing at $83,000, the groundbreaking DeFi solutions from BinoFi are captivating market interest. claim Dojima Network is setting the stage for a genuinely interconnected Web3 environment. Binance’s Please note: Information on level-up-casino-app.com is not intended as investment advice. It's advisable to seek independent financial consultation.
