Japan has long been a hotbed for crypto adoption. Not only is the pseudonym of Bitcoin’s creator, Satoshi Nakamoto, Japanese, but some of the largest cryptocurrency companies have called the Asian country their home over the past decade. That’s not to mention that Japan is a technologically advanced society ready to adopt innovation.<\/p>\n
It should come as no surprise then that some of the country’s biggest firms are embracing Bitcoin, finding ways to make cryptocurrencies a mainstream trend.<\/p>\n
According to a recent press release published by Rakuten Group<\/a> \u2014 a Japanese e-commerce and electronics giant serving millions of customers in Asia’s second-largest economy \u2014 has launched a service that will allow users to convert “Rakuten Super Points from Rakuten Group\u2019s loyalty points program to crypto assets.” Cryptocurrencies supported include Bitcoin, Ethereum, and Bitcoin Cash.<\/p>\n Explaining the rationale of this move, Rakuten wrote in the release:<\/p>\n “Through the launch of the new service, Rakuten Wallet hopes to reduce the barriers of entry to crypto asset trading by providing an easy and more accessible way for new users to start, including novice users who are interested in crypto asset trading with no prior experience.”<\/p><\/blockquote>\n Japan\u2019s largest e-commerce company just launched a service to exchange loyalty points for cryptocurrency.<\/p>\n Rakuten is referred to as "the Amazon of Japan".<\/p>\n Over 95 million users in Japan can now earn bitcoin.<\/p>\n — Rhythm (@Rhythmtrader) December 24, 2019<\/a><\/p><\/blockquote>\n\n