Japanese e-commerce giant Rakuten acquires bitcoin startup team for blockchain lab launch

posted almost 6 years ago
Japanese e-commerce firm Rakuten is opening a blockchain development lab in the UK, a move that follows its acquisition of former employees at bitcoin payments startup Bitnet.

Former Bitnet employees Stephen McNamara and Fergal Downey will spearhead the Belfast-based operation, which will be focused on blockchain technology and FinTech more broadly.

The move comes more than a year after the e-retailer began accepting bitcoin, becoming one of the more noteworthy firms in the Asia-Pacific region to explore adopting the digital currency as a payment method.
Tags: news, bitcoin, blockchain