Crypto Adoption in 2019 — Tael (WABI) made a move partener with Rakuten

by Mihai Cristian milvas

Rakuten, Japan’s e-commerce conglomerate often compared to Amazon, have opened their new Rakuten Wallet service for customers to begin trading crypto in June.

According to the official notification, the Rakuten Wallet will offer a virtual currency exchange business as a consolidated subsidiary of the large Rakuten Group that registered a revenue of 1,101.48 billion Yen in 2018.

Multifaceted Gateway for Cryptocurrency
As a multifaceted company with interests in online shopping and distribution, banking and payments, media, sport, data analytics and mobile communications, Rakuten – which means “optimism” in English – is seen as a major gateway in on-boarding increasing numbers of cryptocurrency users.

Well known in Asia, Rakuten has established a global presence through strategic acquisitions of such companies as in the UK, PriceMinister in France and in Russia. The brand gained a further boost in awareness amongst western observers when it signed a four year shirt sponsorship deal with Spanish football club Barcelona F.C which was estimated to be worth around £188 million.

Although the digital asset arm of the company began life at the end of 2016, it has undergone significant restructuring of its management systems and internal controls since being acquired by Rakuten and shed its previous name of All Bitcoins Inc. to become an officially recognised virtual currency exchange services provider.
Initially, the Rakuten Wallet will offer trading pairs to Japanese Yen – Bitcoin (BTC) and Ethereum (ETH)
Rakuten is interested in entering the crypto market. maybe they know how to implement this things in order to do business

Wabi partnered with Rakuten and Australia's Nature's Care

Rakuten opens dedicated ‘zone’ for products inside the Techrock retail channel and works towards integration of Tael loyalty points

Techrock (formerly Walimai), the safe-product retail channel providing verifiable authentic consumer goods to the Chinese consumer market, has joined forces with Rakuten, Japan’s largest ecommerce platform with over 90 million registered users.

The Techrock safe channel expands with a dedicated ‘Rakuten Zone’, in which consumers can buy Rakuten products secured with Techrock’s unique blockchain-based anti-counterfeit technology. This is the first step towards further collaboration on blockchain traceability, consumer insights, and integration of loyalty points.

“Techrock’s anti-counterfeit technology allows Chinese consumers to verify they have received a genuine Rakuten product, giving a unique value advantage for cross-border ecommerce. Together with Techrock, we can further develop blockchain traceability and work towards cross-ecosystem integration of our platforms’ loyalty points.”
- Ye Jianyou, Global Trading & Flagship Section / Vice Senior Manager of Rakuten

“We’re very excited to be able to provide millions of Chinese consumers with Rakuten’s high-demand, quality Japanese products, and work together to improve cross-border ecommerce as it exists now.”
- Alex Busarov, Co-founder & CEO of Techrock

Techrock is the third Chinese ecommerce platform chosen by Rakuten to integrate a dedicated ‘zone’, joining the ranks of China’s ecommerce giants and Kaola. Products will include cosmetics and other categories, as well as original Rakuten products of a limited edition nature.

Stay tuned :

Tael (WABI) official site : 
Medium : 
Telegram : 

About Mihai Cristian Senior     milvas

176 connections, 6 recommendations, 683 honor points.
Joined APSense since, August 17th, 2011, From Bucuresti, Romania.

Created on Apr 28th 2019 08:55. Viewed 185 times.


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