NEWS BITCOIN - Amazon-Rival Rakuten Forms Blockchain LabThe establishment of RBL stems from Rakuten’s earlier investment in Bitcoin wallet and payments software firm Bitnet, a startup notable for its founding by former Visa executives.
Despite raising over $14.5 million USD in Series A funding in October 2014 (which included Rakuten) and garnering huge attention due to its “traditional” payments world heritage, it never really challenged existing big players like Coinbase and recently suffered high-level staff losses and cutbacks.
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https://news.bitcoin.com/rakuten-forms-blockchain-lab/
