LINE Messaging App Launching Crypto Exchange in July
The messaging app is ready to launch a cryptoconcity exchange next month. Exchange has been named as BitBox and will fulfill the traders worldwide, except Japan and the United States.
The exchange will be purely crypto-to-crypto and will not provide any trading in phat-crypto pair. It will have more than 30 pairs and will make a list of cryptokulchas like Bitcoin, Bitcoin Cash, Etherium and LightKeyen. Exchanges can be found in Chinese, English and Korean languages.
Line Chief Executive Officer (CEO) Taki Idezawa said, "Through cryptocoanance, we are going to challenge our financial services worldwide."
Although the company applied for a license and it operated it in January by the Financial Services Organization (FSA) operated in Japan, the process was passed during the hacking of Cryptorchancy Exchange coincheck.
According to news portal FT, the company had planned to set up its offices in the United States, but eventually Singapore was elected because a source familiar with this situation was aware that the controller's environment was friendly, a source worried about the issue. The source adds that the service will be supplied from a website, but the company plans to connect it to an app later this year.
Interestingly, a few months ago, the message address revealed that they were trying to create their own blockchain network for creating DAPs.
In the original lecture, CTO's Eivin Park said that the Lane technology accepts blockquake technology in various features of the company and is working on a Token Economy based on DAPPS enthusiast type information services.
He said, "The outstanding power and determination of the line developers has played an important role in building line-of-the-art services and reliable fame, the line can build a culture where developers encourage each other and grow together. To make a foundation, it is available throughout the world Provides a forum for all developers and technology is helping to create a global line. "
Earlier, in April, the messaging application announced that it will launch a platform that will line up cryptocurjensi and blockcan subsidiary in South Korea called 'Unblock'
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The new trade, known as BitBox, was revealed amid a gathering held for the current week in Japan. Eminently, the trade won't offer administrations to inhabitants in Japan and the U.S. – a probable gesture to the administrative substances of working in those business sectors.
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