Rakuten’s Super Points Can Now Become Crypto Assets with Wallet Launch

People around the world are still working to get involved in the cryptocurrency industry, and a new service through the Rakuten Wallet is making that possible. Diamond members and other members alike will now have access to the crypto world as they convert Rakuten Super Points to Bitcoin, Ethereum, and Bitcoin Cash.

  • Diamond members have a higher limit on how many Rakuten Super Points they can convert for each transaction and for each month.
  • The only points that users can convert are Rakuten Super Points, and partner service company points are not eligible.

Rakuten is getting involved in the cryptocurrency world with their own loyalty points. A press release from Rakuten directly states that the new services launched through their wallet will allow users to transfer their Super Points into a selection of cryptocurrencies. The app for Rakuten Wallet allows consumers to participate in spot trading.

In Japan, users with a Rakuten Wallet and Super Points have the ability to trade for Bitcoin, Ethereum, and Bitcoin Cash, as long as they have at least 100 Rakuten Super Points. Every Super Point is worth one yen during crypto conversion, and the transaction will be recorded in the smartphone app.

Ultimately, the creators of the Rakuten Wallet aim to reduce the difficulty that some consumers face with entering the crypto space, allowing even novice users to get involve with trading. The new service allows customers to also use the Rakuten Super Points for a broader use cases, which makes their loyalty membership program more appealing to consumers.

With the new service, the only points eligible are from Rakuten directly, not their partner service companies. The user can only exchange for amounts over 100 Super Points, though the company has certain restrictions on how many points can be exchanged each month and for each transaction, depending on the current membership.

Diamond members can convert up to 50,000 Rakuten Super Points at once, with a limit of 500,000 Rakuten Super Points per month. Other members have a maximum of 30,000 Rakuten Super Points for each transaction, and a limit of 100,000 Rakuten Super Points per month.

The service will be available starting today.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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