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Rakuten now allows its users to change their loyalty points for cryptocurrencies

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Japanese e-commerce giant Rakuten now allows users to convert earned loyalty points into three cryptocurrencies: bitcoin (BTC), ether (ETH) and bitcoin cash (BCH).

According to him Ad of The company, the service is provided by the trade service of cryptocurrencies of the giant e-commerce, Rakuten Wallet, and is intended to help newcomers to space by reducing entry barriers with an easy way to access the market. The ad says:

“Through the launch of the new service, Rakuten Wallet hopes to reduce barriers to entry to the cryptocurrency trade by providing an easy and more accessible way for new users to start, including novice users who are interested in cryptocurrency trading without previous experience ».

Rakuten's announcement details only regulate that Rakuten Super Points can be exchanged for cryptocurrencies, which means that "Limited Time Points" cannot be exchanged. A Rakuten Super Point is worth a yen (around $ 0.0091) in cryptocurrencies, and there is a minimum requirement of 100 super points per conversion.

However, there are limits on how Rakuten Super Points users can convert into cryptocurrencies. According to the e-commerce giant, "Diamond" members can convert up to 50,000 points per transaction, with a limit of 500,000 points per month. Regular members will have a limit of 30,000 points per transaction, and can only convert up to 100,000 per month.

Rakuten Wallet is a licensed cryptocurrency exchange in Japan, launched earlier this year. Rakuten has been accepting Cryptocurrency payments since 2015, when you added a bitcoin payment option on your U.S. website. thanks to the Bitcoin Bitnet wallet provider.

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