Line Financial Corporation will promote blockchain study and create its own development

While some companies are only making plans on how to integrate crypto-currency transactions into their messengers, others are already doing it! The developers of the instant messenger Line seriously take up crypto-currencies, announcing the creation of a new division of Line Financial Corporation, which is a platform for exchanging digital currencies, as well as lending and insurance.

Back in the 10th of January, in some media, news circulated that the company Line Corporation is negotiating with representatives of several companies for the further implementation of payment services on the basis of the blockchain, including – Line Pay. At the same time, the company’s shares reached a record level on the basis of rumors of cooperation with the South Korean stock exchange Upbit.

At the moment, the audience of the messenger has more than 600 million registered accounts and 200 million active customers. Just imagine, what scope is opening for the introduction of crypto-currency tools!

It is assumed that Line Financial Corporation will actively promote research in the field of blockchain and create its own development using this advanced technology. The service will be available to all comers through the application for financial operations Line Pay, which according to the company today is used by about 40 million people, and the volume of transactions last year amounted to 4 billion dollars.

Before the launch of the service in mass use, Line Corporation management will have to wait until it receives a license from the Japanese regulator – the Financial Services Agency (FSA), which is actively working on the Coincheck case and enhancing the security of crypto-instruments.


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