Japanese biggest e-commerce platform, Rakuten, was earlier this month, reported to have plans of launching its own crypto exchange in July. However, ahead of its proposed July kick-off, Rakuten has begun to accept its first set of account registrations for the Rakuten wallet.
Rakuten Wallet, formerly “Everybody’s bitcoin” which the Japanese giant bought for around 265 million yen last year, fell short of the country’s regulatory standards and so had to undergo some processes.
Rakuten had an existing loyalty program (called super points) which they had plans of incorporating into the new platform.
At present, bonafide customers of the Rakuten bank and Rakuten members with valid ID can register on the platform in preparation for launch. However, it is still unclear when activities will be open to the public.
According to Rakuten, there’s an automatic customer service which makes use of Artificial intelligence to attend to customer’s inquiries and a Mobile App for the exchange platform is underway.