Japanese online retailer Rakuten plans to continue to discover the cryptocurrency space, this time with local bitcoin exchanges.

Rakuten announced that it had entered into an agreement to transfer 100% of the shares in the stock exchange called Everybody’s Bitcoin. The transaction will be held on October 1 and will cost the company at 265 million yen ($2.4 million).

Explaining his decision, Rakuten announced that he believes in “the future role of crypto-currency payments in e-Commerce, offline retail and P2P transfers.”

“So we can provide the possibility of unimpeded cryptocurrency payments, we need to add the functionality of the exchange of crypto-currencies”, — the company said.

Everybody’s Bitcoin was launched in March 2017 and has been one of unlicensed trading platforms came to the attention of the financial services Agency of Japan after the January burglary of the exchange Coincheck.

Rakuten intends to improve the internal system of the exchange and to comply with all requirements necessary to obtain the status of licensed trading platform.

According to today’s announcement, the balance loss Everybody’s Bitcoin for tax year ending March 31 was about $444 000.

Earlier it was reported that Rakuten can start its own crypto currency in order to expand its user base on a global level. The company started taking bitcoin payments in 2015 with the help of American processing services Bitnet.

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