Line is the most popular messaging App in Japan!
The Japanese based Line Corp announced that they will be launching a cryptocurrency exchange via their Line Pay App.
Line Pay is a subsidiary of the Japanese based Line Corp, and is already used as a money payment and transfer service.
According to the company, Line Pay experienced massive growth in 2017.
Line Pay did roughly $4.1 billion worth of transactions last year and there are currently over 40 million registered users of the service.
(Source: https://www.coindesk.com/japanese-app-provider-line-corp-to-launch-cryptocurrency-services/)
How will it work?
The plan is to create a separate subsidiary called the Line Financial Corporation which would let users exchange cryptocurrencies as well as other financial services with the app.
Line states that they have close to 200 million monthly active users but are starting to face pressures from WhatsApp in its four key markets of Japan, Thailand, Indonesia, and Taiwan.
The move is being done to help secure their place as the dominant messaging app in the minds of millennials.
Things are already set in motion.
The plan is already set in motion according to the company:
"The application process for registration as a virtual currency exchange has already been started with the Financial Services Agency, and it is currently under review."
If you recall, Japan has been very friendly towards cryptocurrency as they announced in April of 2017 that Bitcoin could be used as a legal form of payment within the country.
They have been one of the leaders in terms of Bitcoin trading volumes ever since.
This is yet another feather in the cap of cryptocurrency slowly becoming more and more mainstream.
Looking forward to more headlines like this popping up as the mainstream media keeps spreading FUD (Fear Uncertainty, and Doubt) so that I can get some lower prices on some of these coins I think are going to have a great 2018.
Stay informed my friends.
Image Source:
https://news.bitcoin.com/japans-most-popular-chat-app-in-talks-to-integrate-cryptocurrencies/
Follow me: @jrcornel
Yes, the Japanese are ahead of the game. But just remember; they are also leading the world in Crypto thefts. Be careful Steemians!
The Japanese really set the example on crypto regulations and adoption for the rest of the world. Why can't the European and American governments be so accommodating? We have much to learn from the Japanese.
Perhaps if Japan can show that it can be properly regulated and that it can prove to be useful for their citizens, some other counties will look to follow their lead.
Japanese embraces tech
This is really good for the community. It will help to bring masses to the Crypto. Last year Kik raised more than $98 million in ICO of kin token and now line is planning something.
def buying LINE stickers with crypto
lol Line is awesome :-)
Thank you nathen.
If you believe in Line then I think you should look into the kin token.
Line is awesome! Wasent expecting this, I collect LINE products, they even had a pop up store in times square NYC which is a awesome place to visit! I recommend it.
my friends all use line and the characters are so cute <3
Oh really? Thank you so much.Now I can take a deep breath and relax because I have invested like $1600 in Kin token but it hasn't been performing well and I was a bit worried.If people like line then I am hopefull about KIN too.
I saw a line cafe that was "opening soon" when I was in Bangkok 2 years ago. Too bad it wasn't open.
Thanks to crypto mania, there is a demand for exchange and financial service out there.
It does not have to do with big players. It is mostly from consumers to consumers.
At the end everybody gets a piece.
Again thanks to crypto.
Just wondering how big this market will be within three year span ??
Keep on steemin'
Wow. Japan is ahead of the game.
Square cash App as well came out to bring Bitcoin as well. Big things are coming!
Wow another major boost. I don’t expect this to raise prices on its own but it will open up the world of crypto to a whole new audience which means when prices pick up, they will be able to jump in as well! This could allow for even greater rapid gains next time round!!
I agree. It's just another step in the direction of mass adoption. :)
Just wait until about 2 3 4 5 18 23 different new apps drop lol its gonna be CRAZEEEEE (sips some soda laughs some more) haaaaa
Agreed. These announcements are not going to move the price by themselves but they position crypto to be much more accessible to the masses than it currently is. No need to spend weeks registering at exchanges and waiting for money transfers. You can use the app you already have!
Nice post...
Thank
Thats good, but there is something rotten in the trading.Many exchanges itself is investing and holding crypto coins??? people are smelling scam
Line is absolutely huge in SE Asia, especially where I am in Thailand. It is the number 1 messaging app. LinePay is in common usage for all sorts of online purchases and cinema tickets. They run so many promotions and vouchers. There is a massive ecosystem already built with lineman, deliveries, cloud storage, many games etc etc and their cute cartoon charaters are everywhere...I love Brown Bear personally....this could be huge in bringing crypto to the previously uninitiated. More great news today :-)
Best wishes and thanks :-)
this will be a big boost to the coin market, and it will boost the trading volume, things are all doom and gloom in the crypto world at lest some good news, 2018 is looking up to be the year of the cryptos
I think its been nothing but good news so far :-)
This is definitely wonderful for the crypto market in general, bring more on!!!
Nice post...
Thank for sharing information @jrcornel
@jrcornel, People are excited for it, that's good but the thing is interesting would be to see how they react if we have a bubble burst.
Well, I mean we are already 60% off the highs? How much lower do we have to go before there is a "bubble burst"?
I think we can only speak of a bubble burst in retrospect. After the market price crashed a significant amount and stays down for more than a year and only recovers slowly. A bubble burst cannot be some temporary price drop that someone missed completely by not looking on the price for some months
you create a great post.... Lot of thanks for Sharing this informative and valuable post....best of luck brother....
waw such a big change for coin..
its love to hear from line its very graphic change in upcoming years for line, we love to use line.
thanks for the info
Line is also very popular in pakistan .along with whatsapp
I wanted to know about the line
Thank You Bro
Interesting to know about this development going on in the world of crypto. I bet steem had a contribution to a whole lot of this story. It must be a plot.
Competing with KiK(KIN) huh ha!
@jrcornel great job as always
This is super amazing. In south east Asia this is the type of ubiquitous app like “WhatsApp” or “Facebook messenger”. Literally everyone I know there uses this as their primary form of communication. Also they already have “LinePay” so I’d hope this provides a medium for which merchants can accept multiple or all cryptos easily.
Just goes to show you that people are slowly adopting to this technology and this is not a fad. There is a true demand and innovators and early adopters should prosper.
line application is very popular in Turkey
easy-to-use application
It's nice to see these companies take an interest in cryptocurrencies. All of this attention is going to contribute to the sustainability
kinda seems like wechat that china uses, this is great innovation, makes day to day activities soo much more convinient
Everone is trying to bite a share from market. Great post!
Wow nice information and i also use line app its best for my work and thanks for share with us some details about line app
That´s incredible, everyday millions of people are being introduced to cryptocurrencies, and eventually the markets will feel this "BOOM"... easily $1 Trillion market cap incoming!
I´m trying to buy even more now, before it reaches the next top!
U can buy cryptos now at massive discounts.
everyone tries to adapt, thanks for the info
Good information!! :)
Everyone is trying to bite a share from market. Great post!
ok, now what we need is for some major company to pay their emploees in crypto, and crypto might actually start to rival fiat in the real world!!!
a very good post, please help upvote post @annchifahrani once 🙏🙏🙏
it's amazing .. it's could be produce raise in cryptocurrency ..
resteemed such a nice post !!
@jrcornel
wow sounds good for all cryptocurrency users. Now its easy to exchange your coins for any commodities to buy.
Got real confidence in this.
Gotta say though, my introduction into Line was when I went to Thailand and all the girls there use this app only lol. My only way to talk to them.
Things are moving in the right direction for Cryptocurrency this year. Love to see things like this and it's only January. 2018 is going to be an awesome year! Especially once Bitcoin starts to gain momentum in the charts again.
It will be a great ICO project in the cryptocurrency world .
So true please follow me let' s share and upvotehttps://steemit.com/@neilanthony
Maybe coin base customer service will improve after this? Always good to have more competition
Wow, yet another revolution. Cryptocurrency has started reaching to the masses. If at all Line app take this step than other chat app companies have to think over their survival. Though it won't be that easy, because Whatsapp has reached out to a huge mass.
Nice information.
No doubt, the more established payment companies get involved, the more the market at large will have to realize that cryptocurrency isn't just a fad. It's a thing, and it's here to stay. Wouldn't want to be dealing with crypto in Japan though. Been hearing about their nightmare tax system and exchanges...
Congratulations @jrcornel, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 50 and the total pending payments to posts in these categories was $6631.34. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Which ones? xD
I agree with you, i also want to buy discounted coins a little while longer, hope the price stays like this until may, this is not a sprint this is a marathon HODL
It's great that LINE now becomes a wallet. It would be easier for me when I go to japan.
@jrcornel means if we spread the word...it will benifit us anyway......
Really japan being small in shape but has got nuts & brains which our country hasnt...
does it mean we can do in app purchase with crypto currency form Line App? Does it accept few crypto currency to pay for any services from within the app? @jrcornel