XRP traders turn bullish as Rakuten points go live
XRP has seen a sharp rise in bullish social sentiment after Rakuten Wallet launched new XRP features in Japan. Rakuten Wallet now lets users convert loyalty points into XRP and trade the asset.XRP can be used for QR payments across more than 5 million Japanese merchants.Santiment said XRP hit its second-highest bullish social sentiment in two years. The update allows users to convert Rakuten loyalty points into XRP and use the asset for payments. Rakuten Wallet has launched XRP spot trading and payment features for users in Japan. The update allows customers to convert Rakuten loyalty points into XRP through the mobile app. Users can also use XRP for payments at more than 5 million merchant locations across Japan. Payments are made through QR codes linked to Rakutens wider retail network. XRP gains exposure to Rakuten users RippleX described the launch as one of the largest retail deployments of XRP to date. Rakuten Pay has about 44 million active users, giving XRP access to a large consumer base. The Rakuten ecosystem also has more than 3 trillion loyalty points in circulation. That equals about $23 billion in points that can now be converted into XRP. Santiment reports rising XRP sentiment Santiment said XRP is now seeing its