Overview
- Rakuten Wallet in Japan now lets users convert Rakuten Points to XRP, trade the token in-app, and pay by QR code at more than five million stores.
- The rollout reaches roughly 44 million Rakuten Pay customers and opens over three trillion points, worth about $23 billion, for conversion into XRP.
- The release started on Android with iOS planned next, keeping custody and payments inside Rakuten’s app to reduce steps for shoppers.
- Rakuten launched a promotion that gives ¥500 in XRP for ¥30,000 in purchases and ¥1,500 for ¥100,000 or more during the campaign period.
- RippleX called this one of the largest retail deployments of XRP to date, while Santiment reported a sharp sentiment jump without a clear price breakout.