The Japanese online messaging and payment application will let users pay for services with its native token LINK (LN).
According to the official announcement by the LINE Pay Corporation, the native digital asset will be launched for a trial period in Japan from March 16th to December 26th of 2022. During this period, the company will evaluate the performance of its blockchain capabilities, and attempt to bring awareness to the use of cryptocurrencies.
The platform will use its own blockchain called LINE Blockchain, and LINK tokens will be listed on their own cryptocurrency exchange called BITMAX.
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While users won’t be eligible to trade in Bitcoin or Ethereum at this point, the company stated that the two major cryptocurrencies will definitely be introduced in due time.
With Japan having more lee-way to list new cryptocurrencies, it seems like a perfect time for LINK to pilot its native token. In fact, in 2020, the app had between 84 to 86 million monthly active users, so it only makes sense that the exchange looks to expand its reach within the blockchain industry.
Quick note - the LINK (LN) coin, which is currently priced at $148.71, is not the same as the Chainlink (LN) coin. LINK (LN) is the native token of the LINE Pay mobile payment application.
