Japanese financial regulators have issued a stark warning as cryptocurrency markets brace for volatility, with analysts predicting a sharp 10% correction across major digital assets following Rakuten Group's landmark integration of XRP. Japan's e-commerce and fintech titan has officially adopted Ripple's native token as a payment method, instantly granting 44 million users the ability to transact with the cryptocurrency across its platform. The integration allows users to load, spend, and spot trade XRP within the Rakuten Pay app, accessing a network of 5 million registered merchants nationwide. In a significant move, the company—which operates Japan's largest loyalty program with over 3 trillion points in circulation valued near $23 billion—will permit users to convert loyalty balances directly into XRP for everyday use, potentially injecting substantial liquidity into the cryptocurrency ecosystem.

Apart From XRP, Rakuten Also Supports These Cryptocurrencies

Rakuten integrated Bitcoin, Ethereum, and Bitcoin Cash as a payment option through the app in 2023. The addition of XRP expands its options, giving users more alternatives to spend their money on purchases.