Rakuten May Launch Bitcoin Payments

Rakuten will undergo a reorganization of the corporate structure, and will consist of 4 divisions
21 January 2019   655

The largest e-commerce company in Japan, Rakuten, can add Bitcoin as a payment option to its platform. This is reported by the Blockmanity.

According to the publication, Rakuten will undergo a reorganization of the corporate structure, which by April 2019 will consist of four divisions responsible for Internet services, communication interaction, financial technologies and calculations.

Last year, Rakuten became the owner of the crypto exchange Everybody's Bitcoin. We need to add the functionality of the cryptocurrency exchange, so that we can provide the possibility of making smooth cryptocurrency payments, the company said then.

According to the new documents, Everybody's Bitcoin will not be included in the financial and technological, as one would expect, but in the settlement unit, which will deal with the maintenance and processing of all payments.

Everybody’s Bitcoin, in turn, will suspend work in March 2019. When the bidding service will be resumed, it is not known, but if this happens, it is only after changing the corporate structure of Rakuten, the publication says.

In February of last year, CEO Rakuten Hiroshi Mikitani announced that his company would transfer the user incentive system to the blockchain and release its own cryptocurrency.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   148

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.