Japan’s most renouned discuss app, with 168 million active monthly users, Line, could shortly confederate cryptocurrencies. The association is reportedly in talks with a number of companies to confederate cryptocurrencies into the mobile remuneration service, Line Pay.
Line Could Soon Integrate Cryptocurrencies
The user of Japan’s most renouned messaging app, Line Corp, is reportedly operative to confederate cryptocurrencies into the platform.
According to people informed with the matter, the Tokyo-based association “is in discussions with mixed companies on using cryptocurrencies for remuneration services including Line Pay,” adding that:
The broader idea is to emanate products that keep users within Line’s ecosystem and keep them entrance back to the app, augmenting ‘stickiness.’
Line Pay is the mobile payments use used in the discuss app. Launched in 2014, it has sealed deals with over 30 banks opposite Japan to concede present sell using the platform, according to Mobile World Live. In May of last year, Line Pay reached 30 million users in Japan.
Line has a marketplace value of ¥1.2 trillion (~USD$10.75 billion). The app now has about 168 million monthly active users in the primary markets of Japan, Taiwan, Thailand, and Indonesia.
Speculation of a Collaboration with Kakao’s Upbit
Line has not named the companies it is in contention with. However, there is “speculation that it was looking to tie up with South Korean bitcoin sell Upbit,” according to a Bloomberg report. However, a deputy for Line declined to criticism on a intensity fondness with Upbit.
The South Korean sell is corroborated by Kakao Corporation, the user of the country’s most renouned discuss app, Kakao Talk.
Since the launch in October, Upbit has fast gained marketplace share in South Korea. In Dec of last year, the height claimed that the volumes exceeded those of Bithumb, South Korea’s largest sell by volume. There are now over 120 coins listed on Upbit, interjection to a partnership with the US-based exchange, Bittrex.
Makers of discuss apps around the universe are starting to take notice. Earlier this week, Facebook’s CEO Mark Zuckerberg said that cryptocurrencies and blockchain record could potentially be used on Facebook’s platform.
Do you think Line will shortly confederate cryptocurrencies? Do you think Kakao’s Upbit is the right partner for Line? Let us know in the comments territory below.
Images pleasantness of Shutterstock, Line Corp, and Kakao Corp.
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