The Japan-based messaging application will offer a trial run of native tokens

February 9, 2022

As Bitcoin loses ground, mining operators worry about what lies next for the industry.

LINE, a Japanese messaging application will be soon coming up with an option of payments through the native LINK token from March 16 at any of LINE Pay’s online merchants. There will be a trial period up to December 26. This period will be aimed at assessing real-life use trials for the tokens with boosting the convenience and number of payment choices for LINE pay users. LINE Pay said it was contemplating adding other cryptocurrencies comprising Bitcoin (BTC) and Ether (ETH) to its payments choices in near future, in accumulation to enhance its partnerships with blockchain companies. Statista’s data showed that there were 86 million monthly active LINE users which are more than 68% of Japan’s population of 126 million.

The LN token is currently trading at $142.78. Risen by approximately 22% in the last 7 days. The token has been accessible for trading on the crypto exchange Bitmax following the 2020 pact. By the end of 2021, thirty crypto exchange businesses were operating in Japan that had been authorized by Japan’s Financial Services Agency. Japan-based monetary companies and main companies declared that they have scheduled a trial and inaugurate a yen-based virtual currency in the fiscal year 2022. Japan’s central bank, the Bank of Japan, is however in the exploration stage of expanding a digital yen.

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