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02/14/2019 08:37

Release： 02/14/2019 08:37

Update： 04/08/2021 02:35

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Rakuten subsidiary "Everyone's Bitcoin" changes trade name to "Rakuten Wallet": new services to be provided from April

Rakuten, Inc. announced on February 13 that it will change the trading name of "Minna no Bit Coin Co., Ltd." to "Rakuten Wallet, Inc." on March 1, 2018.

In addition to the trading name, the corporate logo will also be changed.

Minna no Bit Coin Co., Ltd. is a Japan-based cryptocurrency exchange that was acquired through Rakuten Group in August 2018.

Rakuten acquired all shares (5,100 shares) of Minna no Bit Coin Co., Ltd. for 265 million yen, and it drew attention that Rakuten, a major Japanese IT and securities company, entered the cryptocurrency industry.

President Hiroshi Mikitani spoke to reporters about the acquisition of Minna no Bit Coin as follows.

President Hiroshi Mikitani

In the future, cryptocurrencies will be used as a payment method in e-commerce and physical stores, and for P2P payments.

In order to smoothly provide Japanese yen and cryptocurrencies, we believe it is necessary to operate a cryptocurrency exchange ourselves.

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