Shiba Inu Enters Rakuten Wallet Payment Network in Japan

TLDR

• Rakuten Wallet confirmed it will list Shiba Inu and support trading against the Japanese yen.
• The platform will allow users to buy Shiba Inu using Rakuten Points and Rakuten Cash.
• Shiba Inu will connect to more than five million merchant locations through Rakuten Pay.
• Rakuten Pay currently serves about 44 million users across Japan.
• Rakuten Wallet postponed the April 15 launch date and will announce a new schedule soon.

Shiba Inu (SHIB) is entering Japan’s retail payment space through Rakuten Wallet’s upcoming platform expansion. The company confirmed it will list the token and connect it to its payment network. However, the rollout has faced a delay, and Rakuten will confirm a new date.

Shiba Inu Listing Expands Access Across Rakuten Ecosystem

Rakuten Wallet announced it will list Shiba Inu alongside XRP and XLM. The exchange will enable SHIB trading against the Japanese yen. It will also integrate SHIB into Rakuten’s payment infrastructure.

The company stated that users can purchase SHIB with Rakuten Points and Rakuten Cash. This feature links the token to more than five million merchant locations nationwide. As a result, SHIB will function within Rakuten Pay’s retail system.

Rakuten Pay currently serves about 44 million registered users across Japan. Therefore, the listing will expose Shiba Inu to a broad consumer base. Shibizens, a Shiba Inu-focused X account, said the move marks “a direct entry into daily payments.”

Reports indicate that over $23 billion worth of Rakuten Points circulate within the loyalty network. Users will now earn and spend SHIB through this points ecosystem. Consequently, Rakuten connects digital assets with its established rewards infrastructure.

Market Reaction and XRP, XLM Pairings Confirmed

Rakuten Wallet confirmed that it will list XRP and XLM with SHIB. The platform plans to support trading pairs denominated in Japanese yen. However, the company postponed the initial April 15 launch date.

A community member known as Kuro shared the update on social media. Kuro stated that Rakuten Wallet will publish the revised schedule on its official website. Therefore, users must wait for confirmation before trading begins.

Ahead of the planned listing, Shiba Inu reached $0.000006 on April 14. At press time, SHIB traded at $0.0000005834, down 0.02% in 24 hours. The token also recorded a 2.42% weekly decline.

Despite the short-term dip, SHIB price trades above its 50-day moving average of $0.00000584. Analysts identified the $0.000006 to $0.0000062 range as immediate resistance. Price action near this zone reflects limited upward momentum.

Rakuten Wallet stated that it will announce the new listing date soon. Until then, SHIB remains available on other exchanges but awaits activation on Rakuten’s platform. The company will publish further updates through its official channels.

The post Shiba Inu Enters Rakuten Wallet Payment Network in Japan appeared first on Blockonomi.