Rakuten CEO at Tokyo Conference: We Will Probably Accept Bitcoin

Hiroshi Mikitani, chief executive at Japanese e-commerce conglomerate Rakutenreaffirmed his company’s willingness to accept bitcoin.

Rakuten’s e-commerce operation is the largest in Japan and one of the largest in the world, over the years buying out several e-commerce sites including Buy.com, Priceminister, Ikeda, Tradoria, Play.com, Wuaki.tv and Kobo. Aside from e-commerce, the conglomerate also engages in banking services, media, travel and hotel booking, securities brokerage, professional sports and entertainment.

Last July, Mikitani first raised the possibility of future bitcoin acceptance. About a month later, Rakuten Super Logistics, a subsidiary of Rakuten, began accepting bitcoin for its shipping services.

Speaking today at a panel on digital currencies and alternative payment methods at the Rakuten Financial Conference, Mikitani said: “We are thinking about it, and we probably will…We would like to be open.”

He did not specify when a final decision will be made, saying it was a trade secret.

Should it move forward, Rakuten would become one of the largest companies to accept bitcoin payments. The company is publicly traded on the Tokyo Stock Exchange with a market cap of over $21 billion.

(Photo: Rakuten)

Bitcoin (BTC) $ 16,946.20 0.84%
Ethereum (ETH) $ 1,252.35 1.51%
Tether (USDT) $ 1.00 0.02%
BNB (BNB) $ 287.92 1.73%
USD Coin (USDC) $ 0.999534 0.13%
Binance USD (BUSD) $ 1.00 0.11%
XRP (XRP) $ 0.389082 1.51%
Dogecoin (DOGE) $ 0.097073 1.38%
Cardano (ADA) $ 0.311631 0.14%
Polygon (MATIC) $ 0.909748 2.53%
S&P 500  ^GSPC 
$3,960.62  $26.70  (0.68%)
Dow Jones Industrial Average  ^DJI 
$33,807.40  $209.48  (0.62%)
NASDAQ Composite  ^IXIC 
$11,069.03  $110.47  (1.01%)
Russell 2000  ^RUT 
$1,823.73  $16.83  (0.93%)
Crude Oil Jan 23  F*CL.NYM 
$72.42  $0.4100  (0.57%)
$0.0000  $0.0000  (0.00%)