Japanese messaging app operator Line to launch cryptocurrency

Published: September 1, 2018
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The logo of Line is seen at the company's headquarters in Tokyo, Japan, January 25, 2017.
PHOTO: REUTERS

The logo of Line is seen at the company's headquarters in Tokyo, Japan, January 25, 2017. PHOTO: REUTERS

TOKYO: Japan’s Line said on Friday it will launch a cryptocurrency in September, as the company tries to build up a wide range of businesses using its popular messaging app as a platform.

How doodling can make you a millionaire with Line

The company said the digital coin “LINK” will be given as rewards to users of its services and could be traded with other cryptocurrencies at its crypto exchange, BITBOX. The coin is not available for users in Japan and the United States for regulatory reasons, it said.

Popular Line messaging app starts crypto trading spinoff

Line said LINK digital coins would be used as payments or rewards within its blockchain-based app services.

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