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.
Japan’s Line Corp will launch its first digital token and list it on Bitbox exchange in September. With this launch, LINE is hoping to become “one of the largest and most-established companies to develop and issue a cryptocurrency.”
The Bitbox cryptocurrency exchange will be available to global customers except for the residents of Japan and the U.S due to growing regulatory involvement.
One of the most popular mobile messaging platforms in Japan is looking to enable its users to trade virtual currency via its own exchange service.