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LINE is expanding its product portfolio for blockchain and cryptocurrency with two new functions

August 27, 2020

The Japanese courier company LINE has launched a blockchain development platform called LINE Blockchain Developers for decentralized applications and services.

The company has also launched a digital asset wallet called the Digital Asset Wallet BITMAX, which allows users to centrally manage all fungible and non-fungible digital assets they receive from various blockchain services in LINE Blockchain.

LVC Corporation, The blockchain and cryptocurrency subsidiary of LINE and Line Tech Plus announced the launch of the two products for the crypto and blockchain portfolio of LINE on August 26th.

LINE is expanding its product portfolio for blockchain and cryptocurrency with two new functionsLINE is expanding its product portfolio for blockchain and cryptocurrency with two new functions

Via the web-based blockchain development platform The company aims to help developers reduce the cost and complexity of developing and deploying blockchain applications, tokenizing digital assets, and monetizing data..

BITMAX wallets connect to users’ LINE IDs and, according to the announcement, can send and trade digital assets with their LINE contacts.

The company said that too Developers can leverage LINE’s user base of over 84 million for the blockchain services they develop.

While LINE will make its development platform available worldwide in English and Japanese, the digital asset wallet will be limited to Japan and will only support the local language.

The messaging giant founded its blockchain group in 2018 and has since expanded its blockchain and crypto initiatives. In September 2019, it received regulatory approval in Japan and launched its Bitmax cryptocurrency exchange. Just a year earlier, the company had also launched a Singapore-based exchange called BitBox, which has now moved to the US and has been renamed BitFront.

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