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#Rakuten To Put Its Bitnet Investment To Work And Accept Bitcoin Worldwide Rakuten, Japan largest online retail firm, has announced that it will soon accept bitcoin across its global marketplaces.
The company is putting its investment in Bitnet a startup that raised $14. 5 million last October to work with this development.
Bitnet, which was founded by ex-Visa execs and is rivaled by Coinbase and Bitpay, will initially be integrated into Rakuten U s. marketplace to allow customers to pay in BTC.
Interestingly, there no specific mention of when Bitnet will be integrated into Rakuten Japan, which is the most prominent of its 12 country-specific services.
hopped onto the cryptocurrency to give customers an alternative avenue for payments. he integration with Bitnet platform will make Rakuten one of the largest e-commerce companies in the world to begin accepting bitcoin,
but it could help position Bitnet as a credible alternative to the increasingly dominant duopoly that is Coinbase and Bitpay both
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