back Back

LINE Pay to offer LINE’s Crypto Asset LINK as payment option

By Leandra Monteiro

February 08, 2022

  • Bitcoin
  • Crypto asset
  • Digital Wallet
Share

Line PayLINE Pay Corporation, operator of digital wallet and FinTech services on the LINE messaging app, announced today that it will offer LINE’s crypto asset LINK as a payment option at some online merchants for a trial period from March 16 to December 26, 2022 in Japan.

During the trial run, users will be able to use LINK at LINE Pay online merchants just like LINE Points, without any commission fees. By connecting LINK to LINE Pay as a payment solution, it aims to expand users’ payment options, increase convenience, and grow the real-life usages for LINK.

Based on its own blockchain network LINE Blockchain, LINE has been steadily expanding the practical usability of LINK. At LINE BITMAX, a crypto asset exchange in Japan operated by LVC, users can pay commission fees with LINK or with a LINE Pay account or bank account when trading crypto assets.

LINE Tech Plus, a subsidiary of LINE Corporation and operator of LINE’s global crypto asset and blockchain-related businesses, has also undertaken numerous initiatives aimed at leveraging LINK to promote the shift to a cashless society. These initiatives have included running marketing campaigns and conducting original research.

The company plans to consider adding other crypto assets such as Bitcoin and Ethereum as payment options and strengthening partnerships with blockchain businesses. Under the vision of “Designed for Everyone”, LINE Blockchain will focus on connecting LINK with users’ everyday lives and contributing to the popularization of crypto assets.

Previous Article

February 08, 2022

Ecospend processes record number of payment transactions in January

Read More
Next Article

February 08, 2022

Canopy Servicing announces partnership with CBW Bank

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

Bitcoin

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 19, 2024

POP raises $2.4m in Seed Funding from India Quotient to launch UPI Play

Read More

June 19, 2024

FinTech Zilch secures £100m debt finance ahead of its public listing

Read More

June 19, 2024

Corpay expands global footprint with launch of a new office in New Zealand

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023