rakuten

The announcement comes around four month since the crypto exchange was issued a business improvement order by the Japanese financial regulators.

The Rakuten Coin will be a “borderless” cryptocurrency which would mitigate the exchange rate fees and help the company to spread its business globally.

GV, formerly known as Google Ventures, took part in a $25 million funding round together with Sapphire Ventures, Anthemis and other investors.

Rakuten launches the Rakuten FinTech Fund with the aim of empowering great entrepreneurs around the world.

E-commerce company Rakuten is considering the integration of digital currency payments.