Rakuten Builds Blockchain Presence, Acquires Crypto Exchange in $2.4M Deal

[kreslik.news]

Japanese electronic commerce and internet company Rakuten has announced the acquisition of Everybody’s Bitcoin, a local bitcoin exchange. A share transfer agreement for 100 percent of Everybody’s Bitcoin was signed today, and will be finalized tomorrow on October 1st. The acquisition cost Rakuten 265 million yen ($2.4 million.)

“In order to provide cryptocurrency payment methods smoothly, we believe it is necessary for us to provide a cryptocurrency exchange function,” Rakuten said in a statement. The company believes that “the role of cryptocurrency-based payments in e-commerce, offline retail and in P2P payments will grow in the future.”

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