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5h ago

Rakuten Wallet Converts Loyalty Points to XRP as Buzz Builds and Price Holds Near $1.40

The Android rollout gives millions a simple on‑ramp to crypto by turning everyday rewards into spendable tokens at checkout.

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Overview

  • Rakuten Wallet, which launched Thursday, now lets users swap Rakuten Points for XRP directly inside the app.
  • Shoppers can pay with XRP using QR codes at more than five million Rakuten Pay merchant locations across Japan.
  • RippleX highlighted access to 44 million Rakuten Pay users and roughly $23 billion in loyalty points now eligible for conversion.
  • Santiment reports a two‑year high in bullish social sentiment after the rollout, while XRP trades near the $1.40 resistance level.
  • Rakuten is offering limited XRP rewards to early buyers, with the feature live on Android and an iOS release planned, as Japan reviews a proposal to cut crypto gains tax to 20% from 55%.