in the interest of the institution $XRP The latest news that continues to grow comes from Japan.
In line with this, Rakuten, one of Japan’s leading payment platforms, has announced the addition of support for the following: $XRP payment.
Rakuten Wallet is operated by Japan’s largest e-commerce company. $XRP It can be used for spot trading and as a payment asset.
Users can now use points to make purchases $XRP It can be used at various participating stores across Japan.
According to the announcement, this integration is expected to allow Rakuten users to exchange points worth approximately 3 trillion yen. $XRP.
converted $XRP You can use Rakuten Pay to pay at over 5 million stores in Japan.
Tatsuya Koroki, Head of Ecosystem Growth at Ripple Labs, said, “Rakuten is one of the most trusted consumer brands in Japan. $XRP Deployments in loyalty and payment infrastructure point the way for digital asset adoption. ”
Rakuten has over 100 million members and is reported to have a total transaction value of approximately $40 billion by 2025.
At this point, analysts noted that this development has caused excitement within the crypto community, highlighting the growing use cases for cryptocurrencies. $XRP.
Analysts also benefit from integration with such large platforms. $XRPincrease in use cases and transaction volumes.
*This is not investment advice.
