Every blockchain technology and cryptocurrency enthusiast is awaiting the day they will be able to buy coffee, bread, toothpaste and other day-to-day essentials using cryptocurrencies. Furthermore, these investors look forward to online payment systems such as Amazon adopting Bitcoin as payment options. Amazon, the largest online marketplace in the world would be a dream come true to most crypto enthusiasts but we are yet to get there. However, Rakuten, an online market giant in Japan is introducing cryptocurrency payments, much to the delight of shoppers on the site.

The announcement to add crypto payments on the site was made back in September 2018 after Rakuten acquired, “Everybody’s Bitcoin”. The plan to launch crypto payments is set to take off in April this year shortly after the company completes its corporate restructuring.

The company’s restructuring process will involve its various business sectors and subsidiaries being placed in the four main business operation segments: Fintech, Communication, Internet Service, and Settlements. Each business will have its own functions and management system.

The Rakuten Settlement will be in charge of Everybody’s Bitcoin and all transactions, settlements, and payments from Rakuten. The subsidiary, Everybody’s Bitcoin is expected to close shop at the end of Q1 2019 with the operations expected to resume after the restructuring process.

Rakuten is one of the biggest online marketplaces in the world today and the addition of cryptocurrencies will help boost the overall adoption across the world. The company is supporting cryptocurrency payments and has released a number of statements showing its support of Everybody’s Bitcoin.

215 +