The Japan-based app, LINE, is set to begin a limited test of its own cryptocurrency

In March, LINE, a Japanese software company, will begin a limited test of its own cryptocurrency. In the future, LINE Pay may add other cryptocurrencies including Bitcoin and Ether to its payment options.

LINE users will soon be able to pay using the app’s native token in a small test with select online retailers.

Starting on March 16, users will be able to use their native LINK token (LN) instead of Bitcoin, Ethereum, or other cryptocurrencies to make purchases at any of LINE Pay’s online merchants. The test period will run until December 26 and is intended to examine real-world applications for the tokens as well as improve the convenience and number of payment

According to the report, Lotte Pay Inc.’s subsidiary, Lotte Pay (LPI) was preparing to accept XRP payments beginning in 2020. The company also said that it planned to enhance its collaborations with blockchain organizations and add other cryptocurrencies including Bitcoin (BTC) and Ether (ETH). Statista estimates there were 86 million monthly active LINE users

The LN token is a cryptocurrency that was created in August 2018 and is currently trading at $142.78, up by around 22% in the previous seven days. Following an agreement signed in August 2020, the token became available for trade on Bitmax, a crypto exchange located in Hong Kong. There were 30 crypto exchange firms operating in Japan that

In November, a group of Japanese financial firms and major corporations announced that they intended to test and launch a yen-based digital currency in 2022. The Bank of Japan is still in the preliminary stages of developing a digital yen, with plans to complete its first trials by March.

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