Japan's messaging Giant Line tests crypto payments for online retailers
Japan's messaging Giant Line tests crypto payments for online retailers
- Line Pay will begin to test payments in Link to select dealers via its messaging app
- The test takes place in the Line blockchain network and runs from March to December
A subsidiary of the Japan-based messaging giant Line Corporation will start testing its native tokens for use in payments to selected dealers via his messaging app.
line Pay, the operator of the digital wallet and the company's fintech services, is commissioned according to A to connect the link (LN) token of line (not to be confused with the link token from Chainlink) with its payment solution Explanation Tuesday.
line said that it aims to increase the "payment options of the users, increase comfort and increase use in real life" for Link. It is the first time in 2020 that the messaging giant has made considerable efforts to advance its crypto efforts.
The tests start from March 16 to December 26th and make it possible to use LINK at Line Pay-Online dealer in the same way as line points are handled, the company said. The company's blockchain network is used for the study.
From the third quarter of 2020, the messaging app from Line was roughly 84 million monthly Users on the domestic market about 66 % of the total population of Japan.
The company built its payment infrastructure after the introduction of its native token in 2018 in silence.
Last year LVC, the crypto exchange operator and blockchain business area of Line, introduced a crypto loan service that enables users to give Bitcoin and other cryptos to its Bitmax exchange for a rental fee.
ln, whose market capitalization is $ 867.8 million, changes the owner for $ 144.2 and, according to the provider, has increased by 23.8 % over a period of seven days. href = "https://www.coingecko.com/en/coins/link"> Coingecko .
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The contribution "Japan’s messaging giant line to trial crypto payments for online merchants" is not a financial advice.