Japanese e-commerce company Rakuten announced the launch of its own cryptocurrency trading platform – Rakuten Wallet.
According to a press release, Rakuten Wallet, a subsidiary of Rakuten, already provides users with access to spot trading on three cryptocurrencies – Bitcoin, Bitcoin Cash and Ethereum, operations with crypto assets are currently only available in conjunction with the Japanese yen. In the future, developers are preparing to introduce an application for iOS and Android, through which funds will be replenished and withdrawn from user accounts. Detailed information on the release of the application for iOS will appear in early September.
The company’s message says that customers who already have a bank account with Rakuten Bank can easily create a Rakuten Wallet account – all they need to do is enter additional information into the online form. It is noteworthy that the function of replenishment and withdrawal of funds is possible only for those who are a client of Rakuten Bank.
It is known that user funds will be stored in cold wallets of Rakuten Trust. Note that the “cold storage” of crypto assets is currently considered the most secure. In addition, the developers of Rakuten Wallet took care of the two-factor authentication of users, the multisig system is responsible for the security of private keys.
In August 2018, Rakuten acquired Everybody's Bitcoin crypto exchange, the deal cost the company $ 2.4 million. The new Rakuten Wallet platform was created on the basis of this exchange.
