- Rakuten will now accept XRP as a payment method for its 44 million customers.
- In addition to retail ecommerce, Rakuten is a leading internet service provider in Japan.
- XRP features instant settlements and ultra-low fees, which are expected to benefit both of them.
- Further, it can be readily converted to RLUSD, its own stablecoin for safekeeping funds for those who don’t wish to lose value to volatility.
Rakuten Adopts XRP for its 44 Million Customers
Rakuten, the largest Japanese retail e-commerce giant with a user base of around 44 million customers, has officially adopted XRP as a payment method for its business. Besides, Rakuten is a digital infrastructure service provider in Japan, adding another vertical for XRP to target.
The payment method has been available for users since 15 April 2026.
In addition to Rakuten, several Japanese banks have shown interest in adopting XRP as a settlement medium for their transactions.
Why XRP?
XRP is a simple cryptocurrency and a blockchain that offers a very simple solution: transparent, cheap, and instant fund settlements to anyone in the world. Its simplicity makes it less vulnerable to attacks and exploits and helps its users adopt it with ease. Further, it is easy to use and simple to transact. The blockchain charges minimal fees and settles transactions within 2-3 seconds.
Those who wish to avoid any market volatility can use RLUSD on the XRPL ledger to secure their funds from ups and downs.
Rakuten might have seen the easy integration and institutional focus of Ripple and XRP before adoption. Several banks worldwide have been using XRPL, XRP’s blockchain, to settle internal transactions. Further, considering the high uptime and negligible vulnerability to failure, XRP offers a much better user experience when the primary motive is just to settle transactions.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
