Line has revealed its intention to launch its CBDC platform. According to the report, the messaging company was moved by the increased consideration of making use of the customized digital currency in the continent.
Line is by far the most popular messenger app in Thailand. After Japan, it is its second-largest market. Right now, it has almost 40 million active users in Thailand.
The move to launch the cryptocurrency lending service will go a long way in bringing the much revered DeFi product to thousands of BitMax customers.
Through the LINE Blockchain Developers platform, companies and specialists will be able to create their own tokens, ensure transparent transactions in their operations, as well as monetize data.
SoftBank and Naver will create a joint business where each will hold 50%. The new company will compete with global companies in Japan and operate both Line and Z Holdings (Yahoo Japan’s operator).
Japan’s messaging app LINE has launched a crypto trading platform Bitmax. Initially, it will allow users to trade five types of cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
According to Viber’s CEO, the company is going to work on the promotion of its native Rakuten coin that is being developed in cooperation with Rakuten.
Line Pay has partnered with VISA to bring new blockchain solutions, contactless payments, and a pre-paid digital visa card. Line says that with this new partnership, they will be able to reach 187 million people around the world.
The newly-appointed president of MUFG has announced that the bank is going to put its own cryptocurrency known as MUFG Coin to practice this year.
Line, one of the most popular messaging apps in Japan and other Asian countries, is going to expand its business into e-payments and other fintech services.
