Japan's Rakuten begins accepting Bitcoin on U.S. e-commerce site

Reuters News
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Posted: Mar 16, 2015 11:15 PM

TOKYO (Reuters) - Japanese e-commerce firm Rakuten Inc has begun accepting payments in virtual currency Bitcoin on its U.S. online shopping site, a spokeswoman said on Tuesday.

The move means Rakuten, seeking to expand overseas, is joining a growing number of online retail leaders, like Amazon.com Inc and travel agency Expedia Inc, in accepting the currency.

Rakuten sites in Germany and Austria will follow suit, the company said in a statement announcing the U.S. launch.

The spokeswoman said no decision had been taken on whether Rakuten plans to accept Bitcoin on its Japanese e-commerce site, which accounts for the bulk of its profit.

(1 Japanese yen = $0.0082)

(Reporting by Teppei Kasai; Editing by Kenneth Maxwell)