- LVC the parent company of LINE would now be handling LINK and its introduction to the Japanese market.
- LINE itself is a Tokyo-based subsidiary of the South Korean internet search Naver Corporation, and its business mainly deals with the development of mobile applications.
- BITMAX would especially focus on the Japanese market while BITBOX would handle overseas currency exchange for LINE.
Coinpost published an article, which mentions that LVC the parent company of LINE would now be handling LINK and its introduction to the Japanese market. Established last year in January, LVC till now is affiliated to companies like LINE TECH PLUS PTE.
LTD, LVC USA Inc. and unblock ventures Limited for developing their currency exchange services. They announced last year in March that it may handle LINE’s virtual currency LINK soon, which also traded on LINE’s own virtual trading platform BITBOX.
LINE itself is a Tokyo-based subsidiary of the South Korean internet search Naver Corporation, and its business mainly deals with the development of mobile applications and Internet services considerably the Line communication app.
With the growing level of players, LINE plans to differ its a product by focusing more on its usage as a user return mechanism in its project.
A LINK or CHAIRLINK currency currently stands at 2.793722 US dollars in the exchange market and would certainly benefit from its introduction in tech-savvy countries such as Japan.
It earlier announced in September that BITMAX, a cryptocurrency exchange platform would be introduced in the Japanese market and go live. Currently, BITMAX has five brands under its niche, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).
Its access can be gained through LINE message app. Corporation. BITMAX would especially focus on the Japanese market while BITBOX would handle overseas currency exchange for LINE.
It would be interesting to see how it performs with the likes of other service providers and the growth of the internet and Amazon’s Simple Notification Service (SNS) as mentioned in the article.
LINK also planned to be listed following the new currency handling process set by the Japan Virtual Currency Exchange Association (JVCEA). It would be the second one to do so under LINE after BITBOX which further planned to relaunch as BITFRONT on 27 Feb 2020.
It would be interesting to see how the Japanese crypto market reacts to this new launch and will LINK be able to compete with the likes of established giants such as Bitcoin, Ethereum and Ripple.
Not to mention the dominance of native players such as XEM which was a token of the new economy share and has been able to succeed to create a name for themselves with their NEM blockchain technique and further predicted to give cryptocurrencies in Japan a run for their money. So, in conclusion, Japan does happen to be an attractive and profitable market for crypto-companies.