Rakuten, the largest e-commerce company in Japan, is now allowing its users to charge their Rakuten Cash balance with Bitcoin and other cryptocurrencies. This will allow users to purchase goods and services in-store and online at Rakuten Point Card affiliate stores all over Japan, as well as use Rakuten Pay. ..
Rakuten, one of Japan’s leading e-commerce companies, has been reported to be considering accepting Bitcoin as a payment method. This news comes as a surprise to many, as Rakuten has traditionally been a staunch opponent of digital currencies. However, the company’s president and CEO Hiroshi Mikitani recently stated that Rakuten is “evaluating the possibility” of accepting Bitcoin. If this decision is made, it would be the first time that a major Japanese company accepts Bitcoin as a payment method. This development has generated much interest in Japan and abroad, as many are curious to see how Rakuten will handle this new technology. Some have even speculated that this move could pave the way for other Japanese companies to adopt Bitcoin in the future. So what does this all mean for Bitcoin? It remains to be seen whether or not Rakuten will actually adopt Bitcoin as a payment method, but this news is sure to generate some excitement among cryptocurrency enthusiasts worldwide. ..
How to use Bitcoin with Rakuten
Bitcoin is now available on Rakuten, making it easier for customers to make virtual money payments. This new service broadens the use of Bitcoin by giving customers a variety of ways to make payments.
-The customer must have a Bitcoin wallet -The customer must be registered with Rakuten -The customer must be able to complete a purchase -The customer must have a valid Bitcoin address
• The customer must be a Rakuten member
To be able to use Rakuten’s virtual money payment option, you must first be a member or join its membership. To join Rakuten’s membership, you must pay nothing as Rakuten has no membership fee.
To register as a Rakuten member on their website, you can easily create an account or use your Facebook or Google account to sign up. As a new member, you get a $20 Signup bonus.
• The customer must own a Rakuten wallet account
As a Rakuten member, you are required to have a Rakuten Wallet account for making purchases with Bitcoin charges on Rakuten.
Rakuten Wallet is a virtual currency transaction service that allows users to trade Bitcoins and other cryptocurrencies (Ethereum and BTC Cash) and exchange those currencies for Rakuten Cash and Points. This is the only means allowed by Rakuten to charge your Rakuten cash with your Bitcoin to make payments and purchases on its platform. ..
• The customer will have to convert the Bitcoin to Rakuten Cash
Bitcoin users will need to use their Bitcoin to charge their Rakuten cash balance. Bitcoin is the digital currency used on the internet and in some stores by Rakuten members.
Bitcoin is not a currency that can be used to purchase goods and services directly; instead, customers will need to use their Bitcoin on their Rakuten wallet to charge their Rakuten cash balance to make purchases with Rakuten.
• Rakuten allows users a range of amounts to be charged to their Rakuten cash balance
A Rakuten member who seeks to use their Bitcoin for goods and services payment on Rakuten will be required to charge their Rakuten Cash balance with a minimum of 1000 Japanese Yen ($7.63) and a maximum of 100,000 Japanese Yen ($763.20) per month with Bitcoin from their Rakuten Wallet.
Benefits of charging Rakuten Cash balance with Bitcoin
-The Rakuten Cash balance can be used to purchase items from the Rakuten Shop, including food and other products. -The Bitcoin balance can also be used to withdraw cash from the bank or use it to pay for goods and services. -Bitcoin is not subject to government or financial institution control, which makes it an ideal currency for online purchases.
Customers can now charge their Rakuten Cash balance with Bitcoin without incurring any fees. This applies to any amount between 1000 JPY and 100,000 JPY. ..
Rakuten points on-charge benefits are available to customers who make a purchase at the company’s online store. These benefits include discounts on items such as food and beverage, and free shipping on orders over $50.
Rakuten is awarding users some Rakuten Points when they charge their Rakuten Cash balance with Bitcoin. This reward varies depending on the amount charged into the Rakuten Cash balance by the user. Rakuten Points can be redeemed by users and used to make purchases on Rakuten platforms. 1 Rakuten Point is equal to 1 Japanese Yen.
The cons that come with charging your Rakuten Cash balance with Bitcoin
-Bitcoin transactions are irreversible, meaning that once you send Bitcoin to someone, they can’t get it back. -Bitcoin is a relatively new and volatile currency, meaning that its value can change quickly. -It’s difficult to find places to spend Bitcoin. ..
Cryptocurrencies are not backed by any government or institution, meaning their value is highly volatile and can be affected by a number of factors. This makes it difficult to use them as a form of payment, as the value of your cryptocurrency could drop if the market conditions change. Additionally, cryptocurrencies are not regulated by banks or other financial institutions, so if something goes wrong with your cryptocurrency exchange account, you may not be able to get help from them. ..
Rakuten Cash users who wish to charge their balance with Bitcoin must have a minimum charge limit of 1000 Japanese Yen, and a maximum limit of 100000 Japanese Yen. You must have a substantial amount of Bitcoin in your Rakuten Wallet that can meet the 1000 JPY limit.
Crypto wallets are not legal tender and cannot be used to make or receive payments with foreign currency.
Rakuten doesn’t allow users to charge their Rakuten Cash balance with Bitcoin, using Crypto wallets that are not Rakuten Wallet. You will need to have a Rakuten Wallet account you can use to charge your Rakuten Cash balance with Bitcoin.
Conclusion: Does Rakuten Accept Bitcoin?
You can use your Bitcoin to make payments for goods and services on Rakuten pay and at Rakuten Points Card affiliate stores by charging your Bitcoin Cash balance with a minimum of 1000 JPY monthly.
Yes, Rakuten is a website where you can trade Bitcoin.
Rakuten Wallet allows users to spot three cryptocurrencies (Bitcoin, Ethereum, and Bitcoin Cash) against the Japanese Yen. You can buy and sell Bitcoin on your Rakuten Wallet, which will be measured with the Japanese Yen.
You can use your Rakuten Points for a variety of things, including purchasing items in the Rakuten Shop, accessing digital content, and more. ..
After receiving your Points, you can use them to purchase Rakuten products and services. The Rakuten Point value is equal to the value of the Japanese Yen, where 1 Rakuten Point means 1 Japanese Yen.
