Rakuten’s Expansion And Crypto Support Could Trigger A Precedent For Amazon And Alibaba – Binance’s Changpeng Zhao Approves
2019 is expected to be the year during which we will be witnessing crypto mass adoption.
There have been a lot of achievements that are leading the digital assets on the right path to mark this milestone.
A lot of crypto voices are saying that institutional investors are the missing ingredient and, for instance, Changpeng Zhao already said that we could definitely expect a massive wave of prominent investors to enter the crypto market soon.
Rakuten giant retailer more interested in crypto
We recently reported that Rakuten aka the Japanese Amazon could help with this mass adoption of crypto.
The huge online retailer which has been working in e-commerce, media, online banking services and more has been expanding rapidly.
It also seems that it has recently become interested in BTC and crypto.
Back in 2018, Rakuten’s reps have assumed that BTC payments are going to become more prevalent in e-commerce in the future.
UToday reported that Forbes believes that when Rakuten will start accepting BTC completely, this will trigger the next bull run and it will push the crypto market forward.
More than that, it’s also important to note that the giant is planning to launch a crypto exchange and the crypto exchange that Rakuten is planning to launch will be called Rakuten Wallet.
Amazon and Alibaba to accept crypto soon
The online publication Investinblockchain writes that all the moves that Rakuten has been making will most likely trigger the interest of other retail giants such as Amazon and Alibaba and Rakuten will basically become a precedent.
Everyone will be in crypto. https://t.co/EU9geHhQEL
— CZ Binance (@cz_binance) April 16, 2019
Changpeng Zhao approves that what Rakuten is doing will trigger more and more names getting into crypto and he says that “Everyone will be in crypto.”
All these moves are extremely important for crypto mass adoption, and we might just see this considerable goal become a reality this year, or at least, get closer than ever to it.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.