Chat App LINE To Launch Its Own Cryptocurrency Exchange In Japan

Chat App LINE To Launch Its Own Cryptocurrency Exchange In Japan

According to the company announcement, the plans are to expand the features of the chat application to include exchange service for cryptocurrencies, as well as transfers and payments.

Despite a current downturn in the markets and the mass dissemination of FUD by mainstream media the interest in crypto remains strong. Russian rival messaging platform Telegram with 150 million users is also looking towards a record breaking ICO to launch its own cryptocurrency and Facebook are sniffing around blockchain solutions of their own. Line Financial has already filed for a license with Japan's Financial Services Agency (FSA) to trade crypto tokens.

Line said it will start trading cryptocurrencies through "Line Financial", a new company that will also provide loans and insurance via its Line messaging app. Line now provides money transfer and payment services to 40 million users through its app.

Mesut Ozil signs new long-term contract with Arsenal
Per BBC , the 29-year-old becomes the highest-paid player in club history, earning around 350,000 euros a week before tax. New Arsenal signing Pierre-Emerick Aubameyang trained for the first time as an Arsenal player on Thursday morning.

The company announced on January the 31 that it has chose to provide a crypto exchange platform among other financial services. In addition, it will concentrate on research and development in the cryptocurrency underlying blockchain technology to apply it on its digital wallet system.

"The company will provide a variety of financial services, including a place to exchange and transact virtual currencies, loans, and insurance". It has claimed that Line Pay received a global annual transaction volume exceeding JPY 450 billion and reached 40 million registered users.

Line has over 200 million users with at least 25% of them in Japan alone. Although not being widely used in Europe and the United States, Line Pay is one of the most popular apps in Japan and other Asian countries.

Related News:

  • USA  ready to hit Syrian chemical weapons

    USA ready to hit Syrian chemical weapons

    Defense Secretary Jim Mattis issued a stern warning on Friday to Syria, urging the regime to abstain from using chemical weapons. Damascus has denied using any chemical weapons in the seven-year conflict, blaming the rebels on using it on themselves.
    Nevada gambling board after Wynn

    Nevada gambling board after Wynn

    Dozens of women, including Wynn Resorts employees, are accusing Las Vegas Casino Mogul Steve Wynn of sexual misconduct. The $2.4-billion Wynn Boston Harbor is now under construction and is on schedule to open doors in June 2019.
    Twitter CEO Dorsey's Square Cash App Facilitates Bitcoin Trading

    Twitter CEO Dorsey's Square Cash App Facilitates Bitcoin Trading

    Instant buying (and selling, if you don't want to hodl) of Bitcoin is now available to most Cash App customers. Last week, stock-trading app Robinhood said it would roll out free Bitcoin and etherum trading in five states.
  • USA  to impose arms embargo on S. Sudan to end war

    USA to impose arms embargo on S. Sudan to end war

    South Sudan descended into war in mid-December 2013 when Kiir accused his former deputy Riek Machar of plotting a coup. South Sudan is the worlds youngest country, and has been supported by the US since it's inception in 2011.
    These Super Bowl-week Jeopardy! contestants knew absolutely nothing about football

    These Super Bowl-week Jeopardy! contestants knew absolutely nothing about football

    When you see the other answers that require questions, you might feel like Trebek wasn't hard enough on the contestants. For those hosting Super Bowl parties: Pick the attendee who you think possesses the least football knowledge.
    North Korea slams US as 'gross violator of human rights'

    North Korea slams US as 'gross violator of human rights'

    U.S. president Donald Trump just reminded the world that it's a state of affairs he really, really doesn't like. Past experience has taught us that complacency and concessions only invite aggression and provocation.
  • South Africa gold mine loses power, 1000 workers stuck underground

    South Africa gold mine loses power, 1000 workers stuck underground

    Sibanye Gold Beatrix mine , which is about 30km away from Welkom, is located on the R30 road through Theunissen in the Free State. According to local news channel eNCA , the mine had generators but there were fears they might trip while bringing the miners up.
    Have The Spice Girls finally agreed to a reunion?

    Have The Spice Girls finally agreed to a reunion?

    Victoria Beckham's chauffeured vehicle with tinted windows was also photographed making its way into the driveway of the property. Reunion rumours have long-followed the band with Victoria Beckham thought to be the last member of the girl group to agree.
    French gov't pledges more security forces in Calais after violent migrants brawls

    French gov't pledges more security forces in Calais after violent migrants brawls

    Charities estimate there are around 800 migrants living in Calais but official figures claim there are between 550 and 600. More than 100 African migrants armed with iron rods and sticks attacked a group of around 20 Afghans, prosecutors said .
  • Haley: UN report on companies with settlement ties demonstrates 'anti-Israel obsession'

    Haley: UN report on companies with settlement ties demonstrates 'anti-Israel obsession'

    The report is to be debated at a UN Human Rights Council session on February 26 to March 23. Israeli officials have argued that the report is a sign of the U.N.'s bias against Israel.
    How An Alt-Right Group Planned To Sabotage 'Black Panther' Rating

    How An Alt-Right Group Planned To Sabotage 'Black Panther' Rating

    A film with the overwhelming hype that Black Panther now enjoys was bound to have its fair share of haters waiting in the wings. The film, opening in theaters February 16, is a bold move by Marvel and Disney in featuring a virtually all-black cast.
    US Employment Jumps By 200000 Jobs In January, Wage Growth Accelerates

    US Employment Jumps By 200000 Jobs In January, Wage Growth Accelerates

    Economic growth could reach 2.5 percent to 3 percent this year, some economists have forecast, which would top 2017's pace. The category of warehousing and storage - partly associated with Internet shopping - added 11,100 jobs, the report showed.


Most liked

A Monopoly board game for cheaters launching this year
But now comes a game that truly caters to our morally dicey times: it's the " Cheaters Edition " of Monopoly . The real question might be what happens when your fellow players are caught cheating at cheating.

Polish Lawmakers Approve Controversial Holocaust Bill Despite International Criticism
Opposition member of parliament Itzik Shmuli said the bill made Poland "the first nation to legislate Holocaust denial". Some of the most notorious Nazi death camps were established within Poland's borders.

Cavaliers' Love to avoid surgery, will miss 8 weeks
Myles Turner had 15 points and 11 rebounds in his return to the starting lineup, and in beat Memphis for its third straight win. With 15 points and six assists, Elfrid Payton was one of seven players to score in double figures for the Magic (15-35).

Ellen DeGeneres Gifts Audience Members $1Million Dollars To Share!
As part of her 60th birthday extravaganza, Ellen filled her audience with countless people who've made a difference in the world. The actress revealed that DeGeneres is a huge fan of the late Dian Fossey , who was an animal advocate.

May denies United Kingdom must choose between European Union access, trade freedom
Meanwhile, May issued a call for gender equality in her address to business leaders in Shanghai on the last day of her trip. That was when Mrs May delayed approval of the Hinkley Point nuclear power plant project that the Chinese had a part in.

Latin America should not rely on China: Tillerson
So far in the Western Hemisphere only Canada has followed the USA lead in sanctioning loyalists of President Nicolás Maduro. But first he will have to overcome the aftermath of Trump's aggressive brand of diplomacy.

Instagram Type Mode lets you post text-only Stories
The updates will be arriving in a new version of the app, being pushed out to iOS and Android users now. It also allows you to add the text styles to your image or video-based stories but it is not necessary.

Central Intelligence Agency chief defends meetings with Russian spymasters
It is Russian Ambassador to Washington Anatoly Antonov told about Naryshkin's visit to the United States on January, 30. Head of the Main Directorate of the General Staff Igor Korobov visited Washington, The Washington Post learned.

Supermodel Kate Upton Complained About Sexual Harassment
U.S. model Kate Upton has accused fashion giant Guess' co-founder and creative director Paul Marciano of sexually harassing women. Neither Marciano nor Guess have offered a response to Upton's claims, but no doubt we'll be expecting one soon.

West Ham win race to sign Hugill
However, Preston said in a statement "they could not stand in his way for the chance of top-flight football ". Hugill, 25, is travelling to east London ahead of potential deadline day transfer, according to Sky Sports.

CLINTON COLLUSION: FBI Given SECOND DOSSIER by Longtime Clinton Aide
It was believed to allege that they depended on Mr Steele's contentious dossier to justify the warrant. However, Steele would not endorse Shearer or his claims.

US Looks Into Apple Software Update That Slowed Iphones
This acknowledgement produced further backlash, with more than 30 suits filed in the USA alone, and government officials like Sen. Apple has admitted to throttling some iPhone models via update, but said it did so to prevent unwanted device shutdowns.

Kasganj violence: Main accused Salim nabbed in Chandan Gupta's murder
On another note, the internet services, which were suspended in Kasganj region after the violence, were restored today. Uttar Pradesh Chief Minister Yogi Adityanath yesterday warned of strict action against the perpetrators of violence.

Nunes Memo 'Altered' Before White House Got It, Adam Schiff Says
Officials have been unable to say whether anyone inside the White House worked with Nunes or House Republicans on the document. We are committed to working with the appropriate oversight entities to ensure the continuing integrity of the FISA process.

Independent report commissioned by BBC denies gender pay gap
Although the disparity in the news department was not as great, three news presenters earned over £500,000 and all three were men. What else did the report find? Many men also were also found to be receiving much larger salaries than women in comparable jobs.