LINE Pay Japan will open the encrypted asset LINK as a payment channel

LINE Pay, a digital wallet and fintech service under LINE, announced today that during the trial operation period from March 16 to December 26, 2022, LINE users can hold LINE’s encrypted asset “LINK” in some online stores to spend in Japan.

During the trial operation, users can choose to pay with LINK when checking out in some online stores of LINE Pay, such as LINE POINTS, with no handling fee. By connecting LINE Pay and LINK, in addition to expanding payment options and improving convenience, it can also increase the daily use of LINK.

LINK is based on LINE Blockchain, a blockchain network owned by LINE, and has continued to expand its application range since its launch. Taking Japan as an example, LINE BITMAX, an encrypted asset exchange operated by LVC, allows users to pay transaction fees with LINK when trading encrypted assets, and can also deduct money from their LINE Pay account or bank account.

LINE Tech Plus, a subsidiary of LINE’s global crypto asset and blockchain business, has recently continued to promote the popularization of LINK and accelerate the realization of the goal of a cashless society, including LINE Pay marketing promotion and original research.

LINE Pay also plans to open Bitcoin, Ethereum and other encrypted assets as payment options in the future, and actively establish a blockchain business partnership. In order to make LINK a “Designed For Everyone” (Designed For Everyone), LINE will continue to strive to expand daily uses and promote the popularization of encrypted assets.

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