Rakuten Acquires Bitnet, Establishes Blockchain Lab For Fintech And E-Commerce

Rakuten Acquires Bitnet, Establishes Blockchain Lab For Fintech And E-Commerce

E-commerce giant Rakuten has acquired the IP assets of the Bitnet payment platform and opened a blockchain lab in Belfast, U.K. Rakuten Blockchain Lab (RBL) will be a research and development organization focused on blockchain technology and its applications to fintech and e-commerce. Rakuten invested in Bitnet Technologies Ltd., a blockchain-powered digital payments platform, in 2014. Rakuten began accepting bitcoin payments last year using Bitnet, CCN reported. Rakuten.com is similar to Amazon in that it serves as a platform for multiple merchants, all of whom have been able to accept bitcoin through the Bitnet…

Read More