Japan’s Line social network, the largest in the country, has announced the launch of its digital currency ‘Link’ in the Japanese market from April. The token has previously been available in all countries except Japan and the US.
From Social Media to digital currency
Line made its first move into blockchain back in early 2018, when it announced plans to launch a cryptocurrency exchange within its Chat app.
After much negotiation with the Japanese regulators, Line launched the Bitbox exchange in July 2018, but outside of its app, and excluding Japanese and US users.
In October 2018 Line launched the Link (LNK) cryptocurrency and listed it on Bitbox with initial trading pairs against Bitcoin, Ether, and Tether.
However, it has still not been available in the Japanese domestic market, which Line initially sought to service.
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