Rakuten, the Japnese e-commerce giant has opened up their account registrations for Rakuten Wallet, the new cryptocurrency exchange offering from the firm.
As of now, the only consumers who have an account at Rakuten Bank or have a Rakuten member ID can register in preparation for the launch of trading, as indicated by the firm’s website. It is unclear when the firm will start accepting applications from the wider public.
Further, the firm stated in the announcement that it has also rolled out an automatic support service using AI (artificial intelligence) technology in order to answer customer inquiries. Moreover, Rakuten is also planning to launch a mobile app soon that will allow its users to trade cryptocurrencies and to make deposits and withdrawals.
Last month, Rakuten was awarded a license for its cryptocurrency exchange from the Japanese Financial Service Agency. Wherein the exchange is registered with the Kanto Local Financial Bureau as a virtual currency exchange service provider under the country’s Payment Service Act.
Previously known as Everybody’s Bitcoin, the now Rakuten Wallet was acquired by Rakuten for $2.4 million in last August. On March 1, a rebranding of the entity to Rakuten Wallet was done at which time the older service was closed.
Rakuten stated last August that it believes
“The role of cryptocurrency-based payments in e-commerce, offline retail and in P2P payments will grow in the future. In order to provide cryptocurrency payment methods smoothly, we believe it is necessary for us to provide a cryptocurrency exchange function.”
Rakuten’s e-commerce site started accepting bitcoin payments in 2015 when it integrated its U.S. website with bitcoin payment processor Bitnet.
Read more: Coinbase Expands Crypto-to-Crypto Trading To 11 More Countries
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