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Line, Messaging Application Is Now Launching A Blockchain Subsidiary In South Korea


Apr 03, 2018 Posted /  846 Views


Line, Messaging Application Is Now Launching A Blockchain Subsidiary In South Korea

Line, Messaging Application Is Now Launching A Blockchain Subsidiary In South Korea

Line, Japanese enormous messaging application will now accept crypto assets. This announcement was made on April 2nd, 2018 after launching the new Line Pay Service.

The Japanese application is going to open another headquarter in South Korea. It targets to test the blockchain innovation, yet additionally to discover answers for its improvement. Every one of the means will be taken to incorporate the new arrangements into the Line messaging framework.

As per the ZDNet report, the messaging app intends to interface crypto markets from South Korea, South Asia and Japan. They assumed that Line Plus will presumably set up a token economy.

Line Plus expressed that, “The Company will conduct blockchain education and market research and help South Korean virtual currencies expand to Japan and Southeast Asia.” The declaration was made two months after the launch of Financial Corporation, an association devoted to crypto exchanging, loan services and insurance.

Line isn’t the principal messaging platform that has chosen to get associated with testing blockchain solutions. The Korean messaging application Kakao has built up a backup in March 2018, which means to grow new applications in light of the blockchain framework.

 


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Tags: line line messaging app line blockchain line cryptocurrency Blockchain Messaging

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