Market Update 2.18.19 – Rakuten Pay Appears to Support Crypto Payments

| Publish date: 02/18/2019
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Rakuten Pay Appears to Support Crypto Payments

According to Japanese e-commerce giant Rakuten’s earnings report released on February 12, there have been major updates made to its mobile payment app Rakuten Pay. The new updates seem to indicate that in addition to fiat payments, the payment app will be able to support cryptocurrency payments too. According to Rakuten, the new version of the app, scheduled to go live on March 18 this year, is have all types of payment solutions on one single platform.

Rakuten, which is known informally as the Japanese Amazon, revealed that it had made changes to its corporate structure. The restructuring led to the creation of a new payment subsidiary which included the company’s crypto exchange.

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Elyashiv: Tokenized Securities Still in Infancy

During the ETHDenver conference this weekend, the managing partner and co-founder of Blockchain venture capital company SPiCE VC, Tal Elyashiv stated that the concept of tokenized securities was still in its infancy. Elyashiv’s firm was one of the first companies to launch a regulated cryptocurrency-based security as a way for its customers to create instant liquidity for its VC fund.

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Elyashiv stated that the infrastructure needed for tokenized securities to truly reach their full potential still had not been fully developed. He said that the major infrastructure would come together over the next few years.

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Waste Permit Portal Launching in Sharjah

According to local news reports, a new Blockchain-powered waste permit portal is going to be launched in Sharjah in the United Arab Emirates. This new portal will be developed jointly by Bee’ah, the waste-management, recycling and environmental company, and the HFZA (Hamriyah Free Zone Authority), which is Sharjah’s free trade zone. This platform will be the city’s first to use Blockchain technology to process, validate and store transactions.

The platform will reportedly reduce costs for customers who are applying for permits in the HFZA. This platform will also lessen the time take to issue permits from the current several days to just a few hours.

Read more about this story here.

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Total Market Cap: Feb 18

Trade volumes of the cryptocurrency market have shot up by about $5 billion to $26.48 billion. The market’s capitalization is now $126.17 billion.

Bitcoin Price Analysis: Feb 18

The world’s top crypto has gained 2.85% in the last 24 hours and currently is trading at a price of $3746.94. Bitcoin’s capitalization is now at $65.73 billion and trade volumes have risen to $7.99 billion.

Ethereum Price Analysis: Feb 18

Ethereum has skyrocketed by 11.61% to a current trading price of $138.28. The altcoin’s cap has also jumped up to $14.50 billion and trade volumes have doubled to $4.99 billion.

State of the Top 10 Cryptocurrencies: Feb 18

All the top cryptocurrencies are in the green at the moment. The biggest gains by far have been made by Ethereum, which has jumped 11.61%. Bitcoin Cash is the second biggest gainer, its price going up by 7.66%. Binance Coin is the third in terms of percentage gains in the last 24 hours, its price increasing by 4.15%.

  • Bitcoin’s token price is $3746.94, gaining 2.85%. The capitalization of the asset is now $65.73 billion.
  • Ethereum’s token price is $138.28, gaining 11.61%. The capitalization of the asset is now $14.50 billion.
  • Ripple’s token price is $0.310680, gaining 2.99%. The capitalization of the asset is now $12.80 billion.
  • Litecoin’s token price is $44.67, gaining 1.99%. The capitalization of the asset is now $2.70 billion.
  • EOS’s token price is $2.95, gaining 4.07%. The capitalization of the asset is now $2.67 billion.
  • Bitcoin Cash’s token price is $131.50, gaining 7.66%. The capitalization of the asset is now $2.31 billion.
  • Tether’s token price is $1.00, gaining 0.33%. The capitalization of the asset is now $2.03 billion.
  • TRON’s token price is $0.024170, gaining 1.09%. The capitalization of the asset is now $1.61 billion.
  • Stellar’s token price is $0.080757, gaining 3.13%. The capitalization of the asset is now $1.54 billion.
  • Binance Coin’s token price is $9.38, gaining 4.15%. The capitalization of the asset is now $1.32 billion.
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