SHIB to Hit Rakuten Wallet for Yen Trading, Despite Delay
Shiba Inu (SHIB) is set to expand in Japan after Rakuten Wallet said it will list SHIB for yen trading alongside XRP and XLM. Users can buy SHIB with Rakuten Points and Rakuten Cash, then spend it at 5M+ retailer locations through Rakuten Pay.
Rakuten also claims its payment network supports about 44 million registered users, strengthening the “crypto-to-retail payments” utility narrative for SHIB. However, rollout timing is uncertain: the initial April 15 launch target was delayed, and a revised date will be posted on Rakuten Wallet’s website.
Price-wise, SHIB briefly pushed higher around $0.000006 during the announcement period before pulling back toward ~$0.0000005834. For traders, the key factor is whether SHIB’s Japan payment integration boosts real-world demand sentiment—while the delayed schedule keeps near-term momentum risk elevated.
Neutral
This news is constructive for SHIB because Rakuten Wallet’s yen trading plus Rakuten Pay spending routes could turn the token into a more tangible “crypto-to-retail payments” use case in Japan. The scale claims (5M+ retailers and ~44M users) support a longer-term demand narrative and may lift sentiment.
However, both summaries flag a key near-term risk: the launch was originally targeted for April 15 but was delayed. That timing uncertainty can mute immediate flows and create headline-driven, short-lived price pops. Overall, it’s likely neutral-to-slightly bullish for SHIB with volatility around the eventual launch date rather than an immediate, sustained breakout.