Rakuten Integrates XRP into Wallet, Expanding Crypto Adoption in Japan

Rakuten, a leading Japanese e-commerce company, has made a significant move into the world of cryptocurrency by integrating XRP into its wallet. The integration allows users to convert their loyalty points into XRP, marking a shift in how the token is being used in real-world applications.

The move has sent shockwaves through the crypto market, with XRP's price reaching $1.38 and its market cap climbing above $84 billion. The trading volume for XRP has also been high, with over $2.4 billion traded in the past 24 hours.

Rakuten's wallet is used by over 44 million users, who will now be able to hold XRP and use it to make purchases at over 5 million merchant locations across Japan. The company has already added Bitcoin, Ether, and Bitcoin Cash to its wallet in earlier phases, but the inclusion of XRP marks a significant milestone for the token.