Line Pay App will be used for the cryptocurrency services as soon with the new company named “LINE Financial Corporation”. One of the leading messaging service mobile application in Japan, Line Corporation has announced their New Company name and its features.
Under the new LINE Financial Corporation, users can be benefited with the insurance, loan, digital currency (i.e, cryptocurrency), and so on. Because of the Cryptocurrency enabled the Financial company, the research and development teams will promote the blockchain technologies as more to the people.
In the official release statement, it reads that Line Pay App will be used on cryptocurrency services as it is the LINE corporations mobile money payment and transfer app, which launched last year and achieved major growth.
According to the release, it reads that overall annual transaction volume crosses more than 450 billion Japanese yen (which is equal to 4.1 billion USD) and also, the app had 40 million new users registration.
The digital currency exchanger registration process is going on with the help of Financial Services Agency.