Cryptocurrency

Japan Licensed LINE’s Exchange BITMAX Authorises Support for LTC, XRP & 3 Others

The blockchain division of the Japanese corporation LINE announced the launch of trading on the BITMAX platform. From today, more than 80 million BITMAX customers get access to operate with five digital currencies. LINE Corporation reported this on its website.

BITMAX is a virtual currency trading service that can be accessed from the LINE Wallet tab on the corporation’s website. More than 81 million people in Japan use this service per month, according to LINE.

The new service will support digital currencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC). Currently, the original cryptocurrency token LINK (LN) is not available on the Japanese market.

Note, LINE, which is developing a business with virtual currency, has obtained a crypto exchange licensed to run business in the country in early September.

LINE Aims To Bring Money Closer To People Around The World

The corporation develops and provides various financial services to bring money closer to people around the world. Since 2011 LINE has been providing various services with the highest security priority to facilitate communication between a large part of users.

A team with proven experience in the design, creation, and operation of the LINE platform creates the BITMAX security environment. The service uses the BitGo Inc. wallet, which provides one of the most advanced technology in the world.

However, customer assets and assets of the company are distributed and managed at BITMAX. At the same time, the platform introduces cold wallet management for virtual currency. A special team will improve the system and provide services with the highest priority in the field of security.

Partnership With LINE Pay

In addition to LINE Pay, users can quickly deposit and withdraw Japanese yen. If the user verified the identity using LINE Pay, he will not have to redo this action at BITMAX service.

For example, the client can deposit Japanese yen through “LINE Pay” or a bank account registered in “LINE Pay”.

LINE announces the concept of a token economy, which aims to create the blockchain ecosystem of the corporation. This one was originally developed to create a collaborative relationship between service providers and users.

Today LINE Corporation, which is used by 81 million users in Japan and 164 million users over the four main countries provides various services.

The company invests heavily in security measures and in virtual currency to provide safe and stable services with the highest security priority.

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Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Victoria Tiebienieva

Victoria Tiebienieva is an Europe based cryptocurrency writer with over 5 years writing experience in the cryptocurrency space.

Victoria has written numerous articles for popular cryptocurrency websites across Europe and beyond. She has spoken about cryptocurrency in notable media houses across her country.

Email: victoria.tiebienieva@newslogical.com

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