Rakuten accepts Bitcoin payment

Aliso Viejo, Calif. – Global e-commerce site Rakuten.com is now accepting Bitcoin as payment by integrating Bitnet’s payment processing platform. Rakuten.com merchants will obtain guaranteed payment, instant global reach with no cross-border fees or chargebacks, with a transaction fees less than that of credit cards.



Rakuten.com shoppers will receive full consumer protection, including multi-sig escrow services for high-value items.



“Bitcoin turned the Internet into a secure, seamless global payment network,” said Fumio Kobayashi, president of Rakuten.com. “By integrating with Bitnet we are now offering consumers the industry standard in secure payments, and our merchants will benefit by receiving guaranteed payments. Both consumers and merchants will have peace of mind when participating in the Rakuten.com online marketplace.”



Rakuten.com will roll out promotional campaigns to encourage shoppers to try Bitcoin payments. These campaigns will continue throughout the course of the year to encourage adoption and repeat usage.