According to the report, this conversion will also foster spot trading in-app and spending across +5 million Merchant locations. With 44 million Rakuten Pay users and $23 billion in loyalty points now redeemable for XRP, this integration is one of the biggest retail implementations using XRP as a payment method to date.
A Turnaround In Sight For The Asset As far as prices go, these events do not typically lead to a major price outbreak instantly. Instead, it is often seen after the initial wave of euphoria when FOMO (Fear of Missing Out) has calmed down, which tends to see the bullish outcome.
With patience after the euphoria subsides, Santiment noted that these types of key integrations with major financial companies offer a clear picture of what drives prices over the long term. In the meantime, this trend may present a good buying opportunity as markets usually move opposite to the direction the crowds lean.
