LINE, the supplier of the most popular messaging application in Japan, in connection with obtaining a cryptocurrency license, promises its users the discovery of new opportunities.
License and new LINE opportunities
The Japan Financial Services Agency (FSA) on Friday granted a license to the blockchain-division of LINE Corporation LVC. The approval will allow the company to offer cryptocurrency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details services to more than 80 million users.
The official document emphasizes Line's intention to provide users with the ability to make payments on Link.
LINE will use Link as a form of payment for games and applications on its platform. In addition, the company can integrate Link with its LINE Pay (e-payment) business, as well as allow users to trade securities using a tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details.
"You can use Link to make payments or receive benefits. You can also use it to protect resources or pay for network use" – LINE.
- LINE President Takeshi Dezawa also announced the completion of FSA registration on the Tokyo Stock Exchange.
- LINE becomes one of twenty licensed cryptocurrency exchanges in Japan, including the recently approved Rakuten Wallet, as well as older players like Coincheck and SBI VC Trade.
Editor: Yuliya Soroka